As an independent consultant I received a check in Jan 2018 that was issued by a customer in Dec 2017. To me it is 2018 income. May I record it as such?

[VolvoGirl]

Will you be getting a 1099Misc for it dated for 2017?

[verne]

I believe that I will get one from them that shows that that they paid it in 2017 since, from their perspective, that was the case.   (I figured that the IRS checks 1099s against reported income, but I was wondering if there is any easy way to explain the difference.)  Thanks.

[VolvoGirl · Accepted solution]

Enter the full amount from the 1099Misc then you can put the 2018 amount in as a Misc Expense like not received until 2018.  Then don't forget to add it again as income next year on your 2018 return.

[VolvoGirl]

Check out this other post
<a rel="nofollow" target="_blank" href="https://ttlc.intuit.com/questions/4149624-my-husband-received-a-1099misc-for-48-000-but-he-still-has...>

[verne]

Thank you very much for your prompt help.  The approach of recognizing it as 2017 revenue and then removing it (via an expense) as not received until 2018 seems logical.  I will take that approach.