Discussion:Completed Contract Method and 1099

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Revision as of 20:17, 13 March 2008

Discussion Forum Index --> Tax Questions --> Completed Contract Method and 1099

Vickytown (talk|edits) said:

13 March 2008
Small contractor client uses completed contract method for taxes. Only had two jobs in 2007 - one completed and one partially completed. Client received 1099's for both jobs. The partially completed job will not reflect the income on 2007 tax return as reported on the 1099. If I don't report all income per 1099's I'm sure the return will kick out - Anyone else had this problem? If so, how did you resolve it? Thanks for any help.
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