Posted by fixerupper on January 27, 2015 at 15:54:57 from (100.42.82.100):
In Reply to: strange 1099 question posted by steve_in_mo on January 27, 2015 at 14:15:38:
Well that's what I've been thinking. I haven't seen the money yet.
Come to think of it, lets compare this to dividends from the local co-op. There is the deferred part and the cash payment. I'm so tired tonight I can't think straight, but I'm thinking I do pay income taxes on the deferred part of the dividend even though I don't see the money for a few years. Am I right? Maybe that's how they can get away with sending me a bad check promising to eventually make it good with interest, and then send me a 1099. They can call it a deferred payment. Right or wrong?
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