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Rebate received on behalf of HOA being taxed?
While serving on the board of our HOA, I filed for a rebate from our local water district for upgrading our community’s irrigation. The rebate could not be issued to an entity like the HOA, only to an individual. When I received the rebate, I wrote a check to the HOA in the same amount. My net gain was zero.
Now the water district has sent me a 1099-MISC, listing the refund as my personal income. Payments to an HOA are not deductible as an expense. So, how can I report it so I don’t get taxed on money I simply forwarded to the HOA?
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February 2, 2025
2:24 PM