Originally Posted by
The Dominican
Depends on the way you file....! This is a perfect example as to why you need to talk to a tax professional about these matters.
I typically try my best to stay away from tax topics, so until the next topic it is.
Okay, I'll admit I've learned something. IRS Publication 538 says:
Generally, individuals must adopt the calendar year as
their tax year. An individual can adopt a fiscal year provided that the individual maintains his or her books and records on the basis of the adopted fiscal year.
TP