List Computer in 2017 or 2018?

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  • ATSMAN
    replied
    Originally posted by ruthc
    I ordered a new computer in Nov. 2017. I paid a deposit in November. The computer was installed and used in late Dec. The final invoice came in 2018 and was paid for in January 2018. I am on a cash basis for taxes.
    Would I post the sale in 2017 or 2018 seeing I paid for in 2018?
    You partially paid for it in 2017 and put it to service in 2017, so if it helps take the deduction for 2017.

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  • ruthc
    started a topic List Computer in 2017 or 2018?

    List Computer in 2017 or 2018?

    I ordered a new computer in Nov. 2017. I paid a deposit in November. The computer was installed and used in late Dec. The final invoice came in 2018 and was paid for in January 2018. I am on a cash basis for taxes.
    Would I post the sale in 2017 or 2018 seeing I paid for in 2018?
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