Can you deduct a fee to cash a check from your self employed business income?

For example, if I got a check for $32 and the local market charges me $3 to cash it. Can I deduct those fees or do I just lose out.

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3 Responses to “Can you deduct a fee to cash a check from your self employed business income?”

  1. Bobbie October 1, 2013 at 1:16 pm #

    Personal expense and would not be deductible as a ordinary and necessary business expense for this purpose and time in your life. Ordinarily a business would have it own checking account with a bank for this purpose and time in your life in order to try and keep some good daily written records of the ordinary and necessary business expense and the RECEIPTS payments that are collected from your clients daily with your written receipts in order to prove your INCOME amounts and also your business expense for each day of the tax year.
    Hope that you find the above enclosed information useful. 03/12/2013

  2. Pascal the Gambler October 1, 2013 at 1:47 pm #

    If you are smart enough to have your own business, you ought to be smart enough to have a bank account so you don’t have to pay the check cashing place.

  3. Judy October 1, 2013 at 2:30 pm #

    No, that’s a personal expense. Start a bank account and you can cash it there for free.

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