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Accrual VS. Cash Method of Accounting for Digital (non-physical) Product sales through an Online Marketplace.
Hello,
I sell Digital Products through a couple Online Marketplaces, I am curious if it is necessary that I file using the "Accrual" Method under this circumstance or if I can file it as "Cash", only accounted for when I am actually paid? I will most likely be receiving a 1099-Misc for one of these Marketplaces, if that changes anything.
Thank you!
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‎January 14, 2021
8:14 PM