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posted Apr 1, 2022 6:09:39 AM

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.

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1 Best answer
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
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.