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.
01453
1 Best answer
MayaD
Expert Alumni
Apr 1, 2022 6:22:56 AM
If you received the check in 2021 then it is considered an income on your 2021 return even if you didn't deposit it.
1 Replies
MayaD
Expert Alumni
Apr 1, 2022 6:22:56 AM
If you received the check in 2021 then it is considered an income on your 2021 return even if you didn't deposit it.