USA 1099 and prepaid rent

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Property manager receives prepaid rent - January rent received in December. These funds were deposited on their books when received in December but as the landlord I didn't actually receive the funds into my bank account until the due date of January. Since I didn't actually receive the funds until January would it be recorded as income in December or January?
 

kirby

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If you are an accrual basis taxpayer, then you can record the Jan rent to the December balance sheet and not as income
If you are a cash basis taxpayer, then since the Jan rent was delivered to your agent (property manager) in December therefore "you received it" in December and it is income for December.
 

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