Can rental income that is supposed to be received in 2016, but not received until 2017 be reported in 2016 or does it have to be reported as 2017 income

[TC737]

We rent out our pasture, the payment is usually made in November as a lump sum..  This year the payment was late and not made until Jan 2017.  Can I report the income as 2016 income or does it have to be reported as 2017 income.. Thanks

[NewGuy · Accepted solution]

The income has to be reported during the year it was received.