Almost all taxpayers are calendar year filers and cash-basis - not accrual. You report income and expenditures in the year the transaction occurred.
Payments for income of prior years but received in a following year are reported in the year received. This should be represented in the SSA-1099 that you have received (yes, they are already sent).
If this posted response is useful to you, please click on the upraised hand in the lower left of this post. Thank you. Scruffy Curmudgeon--PFFM/ IAFF, retired FireFighter/Paramedic - Locals 718/30, Veteran USAR O3 AIS/ASA '65-'67
NOT INTUIT EMPLOYEE
USAR 64-67 AIS/ASA MOS 9301 - O3
- Just donating my time
**Say Thanks by clicking the thumb icon in the lower left corner -it means nothing but makes those than answer feel wanted.
