A rental home that I own was damaged in a wildfire. Insurance company has issued payments as reimbursement for lost rents.
They issued a 1099-NEC to reflect those lost rents. In the TurboTax section where one introduces income for a rental property, the program ONLY accommodates a 1099-MISC or 1099-K. The only option for introducing a 1099-NEC results in creating a separate business entity as shown in the screen capture below.
Is there a better way to deal with this, or should I try to obtain a 1099-MISC as a replacement of the 1099-NEC from the insurance?
