turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Event: Ask the Experts about your refund > RSVP NOW!
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Business income - check dated 2022 but received/cashed in 2023

I have a small business and one of my clients processed an invoice I sent in December 2022 at the end of the month (check dated 12/30/2022). I didn't receive the mailed check until January of 2023, at which time I cashed it.

 

I use the cash method of accounting for my business, so I assumed I report this income for 2022 services on my 2023 taxes, as I received and cashed the payment in 2023. My client, however, reported the income on their 2022, not 2023 1099.

 

How should I handle this situation in my tax filings? 

Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions

Business income - check dated 2022 but received/cashed in 2023

You don’t need a form. Enter as cash. 

View solution in original post

3 Replies

Business income - check dated 2022 but received/cashed in 2023

Correct. The payment goes on your 2023 return. 

Business income - check dated 2022 but received/cashed in 2023

How do I enter this if I didn't receive a 1099 from my client for 2023 (since they filed on their 2022 1099)?

Business income - check dated 2022 but received/cashed in 2023

You don’t need a form. Enter as cash. 

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies