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Signed a contract to replace all the windows on my rental in 11/16. However, the windows were not replaced and paid for until 1/17. Do I need a 1099-misc this year or next? In other words, does the signing of the contract count as payment such that it wo

 
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MinhT
Expert Alumni

Signed a contract to replace all the windows on my rental in 11/16. However, the windows were not replaced and paid for until 1/17. Do I need a 1099-misc this year or next? In other words, does the signing of the contract count as payment such that it wo

You only claim the expenses actually paid.

Payments made in 2017 will be claimed on your 2017 tax return.

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**Mark the post that answers your question by clicking on "Mark as Best Answer"

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2 Replies
MinhT
Expert Alumni

Signed a contract to replace all the windows on my rental in 11/16. However, the windows were not replaced and paid for until 1/17. Do I need a 1099-misc this year or next? In other words, does the signing of the contract count as payment such that it wo

You only claim the expenses actually paid.

Payments made in 2017 will be claimed on your 2017 tax return.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Signed a contract to replace all the windows on my rental in 11/16. However, the windows were not replaced and paid for until 1/17. Do I need a 1099-misc this year or next? In other words, does the signing of the contract count as payment such that it wo

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