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June 4, 2019
Question

Can you claim a pre-payment of a monthly stipend on an earned income basis, thus delaying reporting of most of this check until 2019?

  • June 4, 2019
  • 1 reply
  • 0 views

Son is recipient of Fulbright.  He is to be paid a $2800 a month stipend.  He got a check for his January-March stipend before the end of 2018.  Must he report this in 2018 or can he report it when earned?

1 reply

Employee
June 4, 2019

If he's a cash-basis taxpayer (as most of us are), he reports the income the year he got payment.