Posted 12/30/2016 16:27 (#5732605 - in reply to #5732563) Subject: RE: Selling grain at end of the year need income in 16 but check will be 17
2017 Deffered grain settlements can be counted as 2016 income "if" you take all of that sale and report it. Keep in mind that the 1099 you get from the elevator will not match up the following tax year. If it's a large number it can trigger an audit. That's why you want to avoid this "technique".
Selling grain at end of the year need income in 16 but check will be 17
