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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?

Forum|Forum|7 years ago
June 5, 2019
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TurboTax Home & Biz Windows

Best answer by VolvoGirl

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

Employee

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

V

verneAuthor

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.

VolvoGirlAnswer

Employee

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.