@ferrrich wrote:
....We are assuming this net rental income will be taxable in 2022 because we did not receive it until 2022. (We also assume this because the rental agency did not provide a 1099 for 2021). Is this assumption correct?
That is technically incorrect since receipt by your agent (the rental agency) is considered receipt by you, the principal. As a result, it was improper for the agency not to issue a tax reporting statement (1099) for the 2021 tax year, assuming the amount exceeded $600.
