Solved: Farm income/rental - crop was harvested and contracted for purcahse in 2016, but stored, delived and payment recieved in 02/2017 can I count as 2016 income?
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Al-23
New Member

Farm income/rental - crop was harvested and contracted for purcahse in 2016, but stored, delived and payment recieved in 02/2017 can I count as 2016 income?

 
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Cattlerancher
New Member

Farm income/rental - crop was harvested and contracted for purcahse in 2016, but stored, delived and payment recieved in 02/2017 can I count as 2016 income?

If you are using the cash method of account, you report the income in the year you receive it.

View solution in original post

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Cattlerancher
New Member

Farm income/rental - crop was harvested and contracted for purcahse in 2016, but stored, delived and payment recieved in 02/2017 can I count as 2016 income?

If you are using the cash method of account, you report the income in the year you receive it.

View solution in original post

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