topic Do you report income in the year in was earned or the year payment was received? in Get your taxes done using TurboTax https://ttlc.intuit.com/community/taxes/discussion/do-you-report-income-in-the-year-in-was-earned-or-the-year-payment-was-received/01/2848428#M1038686 As an independent contractor, I did work and sent an invoice in December of 2022. The invoice wasn't paid until mid-January of 2023. Does this count as 2022 income? Mon, 23 Feb 2026 09:35:34 GMT yensuahte 2026-02-23T09:35:34Z Do you report income in the year in was earned or the year payment was received? https://ttlc.intuit.com/community/taxes/discussion/do-you-report-income-in-the-year-in-was-earned-or-the-year-payment-was-received/01/2848428#M1038686 As an independent contractor, I did work and sent an invoice in December of 2022. The invoice wasn't paid until mid-January of 2023. Does this count as 2022 income? Mon, 23 Feb 2026 09:35:34 GMT https://ttlc.intuit.com/community/taxes/discussion/do-you-report-income-in-the-year-in-was-earned-or-the-year-payment-was-received/01/2848428#M1038686 yensuahte 2026-02-23T09:35:34Z Re: Do you report income in the year in was earned or the year payment was received? https://ttlc.intuit.com/community/taxes/discussion/re-do-you-report-income-in-the-year-in-was-earned-or-the-year-payment-was-received/01/2848432#M1038688 <P>If you are a cash basis taxpayer (most are) you report the income when you receive it and expenses when you pay it.&nbsp; So it would go on next year's 2023 return.&nbsp;</P> Tue, 31 Jan 2023 20:27:25 GMT https://ttlc.intuit.com/community/taxes/discussion/re-do-you-report-income-in-the-year-in-was-earned-or-the-year-payment-was-received/01/2848432#M1038688 VolvoGirl 2023-01-31T20:27:25Z