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June 4, 2019
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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?

  • June 4, 2019
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Best answer by Irene2805

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.

1 reply

Irene2805Answer
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.