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Cancelled Orders Business Loss?


lucycodex
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I am new to US taxes, so I am curious, if someone purchased a gig for like, 20$, and then the buyer cancels, can that be regarded as a business net loss? If so, how would that work in regards to taxes?

If I earned 500$ from Fiverr, and someone cancels a 20$ order, so I claim my income was 520 but deduct 20$, or would I deduct 20$ off of the 500?

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@lucyodex first you have to know that you will not get whole amount , fiverr deducted 20% of your profit and if you total fiverr earning is 500 usd then you will get 400 usd and if someone then cancelled a order you will be deducted the order amount.

hope i am well to describe it. 🙂

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