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Taxpayer is a medical consultant. In November of this year Taxpayer performed $ 5 0 , 0 0 0 worth of services for Dr .

Taxpayer is a medical consultant. In November of this year Taxpayer performed $50,000 worth of services for Dr. Jones. Taxpayer waited until late December to send Dr. Jones a bill. Dr. Jones paid the bill in early January of the following year. In which year must Taxpayer report the $50,000?
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