- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
@TheShiflett wrote:
What does cash basis mean? i usually am paid via written check or payment app like Cash App/Apple Pay
Cash basis does not refer to how you are paid. It's an accounting method. It means that you report income when you receive it and claim expenses when you pay them. Almost all individual taxpayers are cash basis.
‎January 11, 2024
2:44 PM