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bobbibong
Employee
April 14, 2019
Question

dividend income- accrual basis

  • April 14, 2019
  • 1 reply
  • 0 views

am accrual company

dividend income  record date was dec 2018 with dividend paid in Jan 2019

do i accrue and declare in 2018 ? (no 1099) ? 

    1 reply

    LudwigVan_fan
    LudwigVan_fan
    Employee
    April 17, 2019

    What is your method of accounting?   Are you on the cash receipts and expenditures method of accounting for everything?

    If so, no, you record the income when received.

     

    If you are on the accrual method of accounting, then you would accrue the income when you are given the unconditional right to receive it.

    **Disclaimer: Effort has been made to offer correct information; but due to the discussion forum limitations, the poster disclaims any legal responsibility for the accuracy of the poster's response**
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