When should I use the keyword WORK-IN-PROG, in the BUSINESS group?You may only use that keyword if you choose to exclude work-in-progress from the calculation of professional income.Generally, the income entered in Income.bus includes all amounts received in the current year, plus all amounts to be received at the end of the current year. All amounts to be received at the end of the previous year are then deducted. You may choose to exclude work-in-progress from the calculation of income. In that case, you would have to use the keyword WORK-IN-PROG. October 22, 1999 |
