Hello,
I received a 1099-NEC from a construction company that was responsible for a considerable amount of property damage to my home this year. When entering this 1099-NEC, it raises my taxes due quite a bit. This seems wrong, as I already paid taxes on the money I earned, and then had to spend to have this property damage fixed. This reimbursement from this company should not count as a business. How can I do this?
Thanks in advance.
