lifeisgood
Recycles dryer sheets
- Joined
- Sep 5, 2006
- Messages
- 64
Real simple question to help you ex-tax accountants stay sharp.
I received a check late Friday afternoon on 12/29 - an interest payment on a loan. The banks were closed for the holiday weekend and there was no way of depositing the $ in 2006.
Am I supposed to declare this as income in 2006? I'm sure the guy who wrote the check declared it as an expense.
I received a check late Friday afternoon on 12/29 - an interest payment on a loan. The banks were closed for the holiday weekend and there was no way of depositing the $ in 2006.
Am I supposed to declare this as income in 2006? I'm sure the guy who wrote the check declared it as an expense.