topic Can I defer income until next year? in Get your taxes done using TurboTax

Can I defer income until next year?

rainmomtoo — Thu, 30 Jan 2020 04:51:16 GMT

Re: Can I defer income until next year?

xmasbaby0 — Thu, 30 Jan 2020 04:56:09 GMT

Do you mean wait to report some of your 2019 income next year? NO. ALL of your 2019 income must go on your 2019 income tax return. It all goes on the SAME tax return.

Re: Can I defer income until next year?

Bsch4477 — Thu, 30 Jan 2020 04:56:41 GMT

If you are asking whether you can defer paying tax on income that you received in 2019 the answer is no.