lilpe551
Level 1
12-07-2019
06:40 AM
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The client collected the funds the last 4 months of 2018. Her customers are on payment plans for 8 months before the trip. AR balance is 83k.
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George4Tacks
Level 15
12-07-2019
06:40 AM
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I would report the 1099-K, plus any other receipts as gross revenue. I would then make an "other expense" as "1099-K accrual adjustment". Next year the "1099-K accrual adjustment" might be as other income.
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lilpe551
Level 1
12-07-2019
06:40 AM
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Thanks for the help. I was completely lost.
