brab106
New Member

If a bill is sent in 2018 but is paid in 2019 is that income for 2018 or 2019?

 
KatrinaB
Intuit Alumni

Get your taxes done using TurboTax

If you are a cash basis taxpayer, which most people are, then you will report this income when you receive it. You will report it on your 2019 tax return. The only way you would report it on your 2018 tax return is if you are self-employed and the accrual method of accounting. 

Please view the TurboTax FAq below for more information on the cash basis method of accounting.

https://ttlc.intuit.com/replies/3300094