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Should we claim 1099-INT on our 2018 or 2019 Fed Inc Tax, if it was received by us on Jan 2, 2019, but paid on Dec 31, 2018?
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posted
June 4, 2019
4:14 PM
last updated
June 04, 2019
4:14 PM
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Should we claim 1099-INT on our 2018 or 2019 Fed Inc Tax, if it was received by us on Jan 2, 2019, but paid on Dec 31, 2018?
Did you receive a 2018 Form 1099-INT?
June 4, 2019
4:14 PM
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Should we claim 1099-INT on our 2018 or 2019 Fed Inc Tax, if it was received by us on Jan 2, 2019, but paid on Dec 31, 2018?
I did. It includes the amount I received in my bank account on Jan 2nd, 2019.
June 4, 2019
4:14 PM
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Should we claim 1099-INT on our 2018 or 2019 Fed Inc Tax, if it was received by us on Jan 2, 2019, but paid on Dec 31, 2018?
If the 1099 says 2018 then you should report it on your 2018 return.
There are many investments that can pay a day or two later than you are credited with the interest or dividends.
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June 4, 2019
4:14 PM
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