turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

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?

 
Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions

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

1 Reply

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.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies