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Level 1
posted Jun 6, 2019 3:11:57 AM

With a farming business what income other than the "crop Insurance" can be deferred to next year to income?

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1 Best answer
New Member
Jun 6, 2019 3:11:58 AM

When you use the cash method of accounting, you must claim income when you receive it. Same with expenses.

1 Replies
New Member
Jun 6, 2019 3:11:58 AM

When you use the cash method of accounting, you must claim income when you receive it. Same with expenses.