Skip to main content
Level 1
June 6, 2019
Solved

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?

No text available
Level 7
June 6, 2019

If you are using the cash method of account, you report the income in the year you receive it.

1 reply

Level 7
June 6, 2019

If you are using the cash method of account, you report the income in the year you receive it.