cancel
Showing results for 
Search instead for 
Did you mean: 
Highlighted
Level 1

If I ordered payments for subcontractors from my account December 2016 but the money didn't get withdrawn until January 6 2017. Is this a 2016 or 2017 1099?

I was paid in December but the people who pay me delayed processing my payment request.

1 Best answer

Accepted Solutions
Level 15

If I ordered payments for subcontractors from my account December 2016 but the money didn't get withdrawn until January 6 2017. Is this a 2016 or 2017 1099?

If you use the cash accounting method (most common), your expense occurred when the money was actually paid, so that is a 2017 expense.

View solution in original post

1 Reply
Level 15

If I ordered payments for subcontractors from my account December 2016 but the money didn't get withdrawn until January 6 2017. Is this a 2016 or 2017 1099?

If you use the cash accounting method (most common), your expense occurred when the money was actually paid, so that is a 2017 expense.

View solution in original post