Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
Level 2
posted Mar 16, 2021 6:04:53 PM

Question about income

I earned money for work that was done at the end of the year (2020), If I received payment for this work at the beginning of 2021, do I put this amount on my 2020 or 2021 taxes?  I am self employed.

0 1 537
1 Replies
Level 1
Mar 16, 2021 6:36:32 PM

You need to put the amount in the year your work was completed and you sent a bill to your customer(s).