WillK
Intuit Alumni

Investors & landlords

It depends if you are cash basis accounting or accrual accounting. 

Cash basis accounting is when you report the income when you receive it: https://ttlc.intuit.com/replies/3300094

Accrual accounting is when you report the income in the year you earned it, not when you receive it: https://ttlc.intuit.com/replies/3301956

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