Welcome Guest. Register Now!  



 
 
LinkBack Thread Tools Search this Thread Display Modes
Prev Previous Post   Next Post Next
  #1 (permalink)  
Old 04-03-2014, 12:58 AM
Junior Member
 
Join Date: Apr 2014
Posts: 1
1099 misc cash vs accrual

I bought and sold stock in a trust last year and the tax instructions that were sent from the trust said that I needed to request an "accrual based" 1099 misc instead of the "cash based" 1099 that my broker likely sent. Since I bought and sold the stock in the same year, I'm wondering if it even matters. Any thoughts?



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
 


Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
1099 Misc BooFra689 Income 1 03-15-2012 08:57 AM
When are S corporations required to use the Accrual Method of Accounting? PeterAccountant CPA Forums 0 12-20-2011 03:58 PM
1099 Misc kfloyd Income 0 04-14-2010 10:16 AM
1099-MISC Cash vs Accrual Reporting Astice Income 0 04-05-2010 09:29 PM
1099-MISC Box 7 fire702fighter Income 0 02-06-2010 03:17 PM

Follow us on Facebook Follow us on Twitter Google Buzz Rss Feeds

» Categories
 
Individual
 » Income
 » IRA/Sep
 » Medical
 
Corporations
 » Payroll
 
Forum for CPAs
 
Financial Planning
 
 
 

» Recent Tax Q&A
No Threads to Display.