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Jeremy is a cash basis taxpayer who operates a medical business. He bills a client for $5,000 for a medical procedure that he performed on
Jeremy is a cash basis taxpayer who operates a medical business. He bills a client for $5,000 for a medical procedure that he performed on 11/18/2020. His client mails Jeremy $5,000 via a check on 12/26/2020. Jeremy receives the check on 01/02/2021. When does Ron recognize the $5,000 as income?
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