Scenario: Gig worker that earns income before Dec 31, 2022. Expecting to be paid for this work in early 2023. Question: Is this income to be reported when the work was completed (2022), or when the money is actually received (2023)?
An old answer reviewed on the form back in 2019 states: "... spoke with an accountant and was told to report the 1099 as it states and then use a miscellaneous expense - something like "1099 income not received in 2018" and put that amount down for the expense. Next year, you will need to include it as income (but you would not add that to the same client's 1099; it would just be a separate income amount."
Has this answer changed for the current tax year 2022?
