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How do I report income received from past due rent for a home I have sold?
I had a rental home that I sold in 2021. The tenant was way behind in rent and left a considerable amount of damage. The property management has been receiving the past due amount in small increments throughout the year. They have now sent me a 1099-MISC but they are still collecting their management fees/tax fees/etc. from the payments. If I try to enter it as rental income it gets kicked back because it is not being rented. Do I just include it as misc income and forget adding the management company fees? Thanks for your help!
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‎February 14, 2023
8:37 AM