You are correct. Since you are a cash basis business, you report the income when received, which in your case in 2020. Since you received a 1099-MISC for 2019, you have a couple of options.
- You can enter the 1099-MISC, and then enter an income adjustment (as a negative number under Other Self-Employed Income). OR
- Not enter it at all.
In both cases, you need to keep detailed records in case of any inquiries and also, remember to report the income in 2020. You won't need 1099 to do so.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
