We have just experienced something similar for the 2022 tax year. Our property manager did not report in financial payments or pay us about $15,000 in income (most of this was amount was from the local covid rental assistance program).
She received this income in 2022 but did not report it to us or pay us until October 2023. She has just changed our 2022 financial reports to reflect this income as having been received in 2022. However, we already filed our taxes for 2022 using the financial reports that were available to us at the time, which does not include the extra income she is now reporting for 2022. Basic question is, if we did not receive that income from her in 2022, do we have to report it as 2022 income? She received it in 2022, but did not add it to our financial reports or pay us until late in 2023. We did not receive the income into our business bank account until 2023. Do we need to file a tax amendment for 2022, or can we count this as 2023 income? We are keeping clear records of what has been changed in her financial reports since we filed our 2022 tax forms.
