@user314 wrote:
Thank you for your response.
I am a W-2 employee and pay taxes on income in the year income is paid to me (same thing with 1099's etc.). I've also never changed Turbotax's setting regarding accounting method. I believe that means I'm using the cash method. Does that sound right to you?
Everyone is cash basis by default. Going to accrual accounting requires the assistance of a real accountant, it's not for amateurs.
