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.

Meli41
New Member

Which year do I claim income from a royalty check that was dated 2021 but I did not deposit it till 2022?

This check (from oil royalty) was dated 6/25/2021.  I just discovered I had not deposited it last year (2021). Should this be put in the 2021 income section or should I wait till next year's taxes, since it will show as deposited in 2022.
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
MayaD
Expert Alumni

Which year do I claim income from a royalty check that was dated 2021 but I did not deposit it till 2022?

If you received the check in 2021 then it is considered an income on your 2021 return even if you didn't deposit it.

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

View solution in original post

1 Reply
MayaD
Expert Alumni

Which year do I claim income from a royalty check that was dated 2021 but I did not deposit it till 2022?

If you received the check in 2021 then it is considered an income on your 2021 return even if you didn't deposit it.

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

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question