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Do I report income when it's earned or when it's paid?
Hello,
I am a 1099 contractor and completed some work in December 2023, but did not receive my check until January 2024. Do I report the income as part of 2023 taxable income, or wait until I do my 2024 taxes and report it as 2024 taxable income? Thank you.
‎January 11, 2024
1:31 PM