Hi. I received money from the same program. However, this property is a rental and not my primary residence.
The roof had a few more years left on it, but the insurance company suggested i get it done while the program is out there. I got a 1099.
The money offset a $13,000 roof job. If i had a "regular roof" put on, it would have cost about 8000.
shouldnt this 6,000 be considered "income" somewhere on Schedule E? i have no place to put it other than on the "rent line".
thoughts?
