business expense question

[mike82]

Hello,

If I buy a domain today that relates to my business but it is not actually transferred to me until early Jan 2009 can the domain still be written off as a business expense? The credit card statement would show the purchase in 2008.

Thanks

 

[waraas]

Yeah I would think so

 

[BillyParadise]

Under accrual accounting rules, yes.