Thanks, this was helpful in me beginning to figure it out. Some more specifics so I can do this correctly (using estimates to make it less confusing)...
- Home damaged/claim made in October 2022
- First check received and deposited in November '22 for $10,800.
- Home repaired in December '22
- Paid roofer $13,200 for repair in December '22 ($500 of this was for additional repairs at my expense).
- Second check received in December '22 for $2500 (the total amount received was reduced by my $1000 deductible)
~ (Everything below now in 2023)
- Window screens repaired in January 2023
- Paid screens company $1,700 ($800 of this was for additional work at my expense) in '23.
- $2500 check deposited in '23.
After reduced by my deductible ($1000), the total amount I received was $13,300. When all was said and done, I paid out $14,900. How much would I enter for '22 vs '23? (I am unsure because of things crossing over into the new year.)
