NW Indiana | Tank2516 - 12/30/2016 13:39
He s right. Just make sure you remember the following year that you reported iit in 2016.
While not related to your situation even funds that were deffered to 2017 can be reported as income in 2016 if you find out you are in need of more income in 2016. IT has to be the whole check amount though say you have a check for $ 10,000 you have to declare the whole $10000 in either one of the years not part in one year and the rest in the other year.
+1 did this last year |
Selling grain at end of the year need income in 16 but check will be 17
