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Question 12 of 45, Anne is a cash-basis taxpayer who owns her own business, On December 24, 2020, she received a check from a customer
Question 12 of 45, Anne is a cash-basis taxpayer who owns her own business, On December 24, 2020, she received a check from a customer in the amount of $4,350. Anne misplaced the check and did not deposit it in her bank account until she found on January 14, 2021. In which tax year must she report the $4,350? The amount paid can be split between the two years. Either year is fine 2020 2021 Mark for follow up 1040) in 2020 was $197,000. What
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