I had an independent contractor provide service for me on December 31st, 2018 and I gave him a check that day for over the 1099-MISC reporting limit of $600. But the check did not post to my account until January 2019. Since I use the cash accounting method, I'm confused about what tax year I should send him the 1099-MISC for - should I send it for the year he provided the service (2018) or the year the check cleared (2019)?
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It doesn't matter when the check posted or even when he received it. You paid for the service on 12/31/18 so it is a 2018 expense to you and income to him.
It doesn't matter when the check posted or even when he received it. You paid for the service on 12/31/18 so it is a 2018 expense to you and income to him.
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