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Mark for follOw up Question 13 of 45. Shawn is a cash-basis taxpayer who owns his own business. On December 30, 2018, Shawn received a
Mark for follOw up Question 13 of 45. Shawn is a cash-basis taxpayer who owns his own business. On December 30, 2018, Shawn received a check from a customer in the amount of $25,000. He was busy and did not deposit the check in his bank account until January 5, 2019. In which tax year must Shawn report the $25,000? The year in which he provided the service to the customer. Either year is fine. O 2019. 2018
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