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1099-Misc for RV Warranty Buyback
We had damage to our RV while it was in storage due to faulty manufacturing and still under warranty. The repair cost was more than the value so the RV manufacturer sent us a check to reimburse us for our property loss. We just received a 1099-misc from the RV manufacturer and believe we received it in error. Is this payment considered income?
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‎February 2, 2021
2:50 PM