As an independent contractor, I earned income in 2016 that was paid in 2017. Do I report it on 2016 or 2017 returns?

ptl1960 · ‎May 31, 2019

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WillK · ‎May 31, 2019

It depends on your accounting method. If you are a cash accounting method (which most contractors are) then you would report the money you were paid on your 2017 return, not your 2016 return.

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WillK · ‎May 31, 2019

It depends on your accounting method. If you are a cash accounting method (which most contractors are) then you would report the money you were paid on your 2017 return, not your 2016 return.

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**Mark the post that answers your question by clicking on "Mark as Best Answer"

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As an independent contractor, I earned income in 2016 that was paid in 2017. Do I report it on 2016 or 2017 returns?