If I am reselling on eBay and intend to keep inventories, does it matter if I use the cash method or the accrual method when reporting to IRS? I heard that it will not matter while TCJA is in effect, but when it expires in 2025, would accrual method be the only correct choice? The expected total revenue per year will be under $1 million though.
Our experts are available on-demand, no appointment needed. Get help all year long with TurboTax Expert Assist.
Enter your E-mail address. We'll send you an e-mail with instructions to reset your password.
©1997-2022 Intuit, Inc. All rights reserved.
Intuit,
QuickBooks, QB, TurboTax, ProConnect, and Mint are registered
trademarks
of Intuit Inc. Terms and conditions, features, support, pricing,
and service options
subject to change without notice.
Security
Certification of the TurboTax Online application has been
performed by
C-Level Security.
By accessing and using this page you
agree to the
Terms of Use.
Accessibility
