I am fulling out my 1040 because I worked on a 1099-NEC. It is asking me for my accounting method, which one should I choose. There is Cash, Accrual, and other. I used my 1099 for COVID disaster relief.
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1 Replies
Vanessa A
Expert Alumni
Apr 12, 2023 11:53:02 AM
Most taxpayers use Cash Method accounting. If you would use anything different, if you did not set up anything else, the default is cash.