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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
‎February 16, 2025
9:40 AM