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What is a Performance Bond? What Accounting Category should it go in?

What is a Performance Bond?

Do I get it back if I leave the Carrier, assuming I have not used any of it?

What Accounting Category should it go under?

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1 Answer

Performance bond is just money that a company holds in reserve incase you leave and owe them anything. Just create a category for it and it can go under miscellaneous deductions on your schedule c.

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