@fkhalilz wrote:
....How should this loss of rent payment by the insurance company be reflected in my taxes?
The amount the insurance company paid you for lost rent should be reported as rental income. You may even receive a tax reporting statement (such as a 1099-MISC) from your insurance company.
See https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/how-do-i-report-payme...
Also Treas. Reg. §1.123-1(a)(3)
