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Level 1
Apr 19, 2021 6:20 PM UTC
Question

Schedlue C - Accounting Method

I am trying to file my taxes and it is asking me to fill this in. I am not exactly sure what I put in this section. Can anyone help me with this. I have never had an issue before. 

2 replies

Level 15
Apr 19, 2021 6:55 PM UTC

Most small businesses use the cash method. 

Level 4
Apr 20, 2021 8:43 AM UTC

Are you given choices or fill in the blank?  Small businesses most likely use the cash accounting method.