It depends on whether you report based on cash or accrual basis.
>That pretty much sums up how it was explained to me.
>
>>If I got this right, $100 per month is what you need to report to IRS, regardless of whether you got all $1200 at once. If you report quarterly, you should say $300 each quarter and simply pretend that the rest is hanging beyond your reach. Correct?
Jim Nelson
Newbury Park, CA