I provided a service in Nov. 2018 (ind. contr.).I was only recently paid in Feb 2019.Do I claim revenue on 2018 or 2019 tax season? Can I deduct the mileage in 2019?

tremoi67 · ‎June 4, 2019

IreneS · ‎June 4, 2019

Report the income on your 2019 return. If you incurred the mileage expense in 2018, report that on your 2018 return.

If you run your business on a cash basis (rather than accrual) you report your income when you receive it and your expenses when you pay them.

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View solution in original post

IreneS · ‎June 4, 2019

Report the income on your 2019 return. If you incurred the mileage expense in 2018, report that on your 2018 return.

If you run your business on a cash basis (rather than accrual) you report your income when you receive it and your expenses when you pay them.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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I provided a service in Nov. 2018 (ind. contr.).I was only recently paid in Feb 2019.Do I claim revenue on 2018 or 2019 tax season? Can I deduct the mileage in 2019?