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Level 2
September 10, 2023
Question

Selling multiple year software support contracts

  • September 10, 2023
  • 1 reply
  • 5 views

Hello. If I sell a '3 year software update and support contract' for $1000, does the $1000 income get spread over the 3 years or just the 1st? Thank you.

1 reply

Level 15
September 10, 2023

Income is required in the tax year it was earned. 

Level 2
September 11, 2023

Thank you for answering!