taxtommy
Returning Member

1099-nec for 2024, received payment in 2025

Hello,

 

Looking to determine how to report the following...

 

Self-employed

Cash basis

 

Issue:

>  received 1099-NEC in 2024

>  didn't receive payment from this 1099-NEC until 2025

 

?  What is the best way to report this income;   with a 2024 1099-NEC / receiving the associated payment in 2025?

 

Thanks for any assistance!

 

Tom