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AleanaKiss
April 12, 2023
Question

Question about 1040

  • April 12, 2023
  • 1 reply
  • 0 views

I am fulling out my 1040 because I worked on a 1099-NEC. It is asking me for my accounting method, which one should I choose. There is Cash, Accrual, and other. I used my 1099 for COVID disaster relief. 

    1 reply

    V
    Vanessa A
    April 12, 2023

    Most taxpayers use Cash Method accounting.  If you would use anything different, if you did not set up anything else, the default is cash. 

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