We rented out our property in August 2022.
The tenant lived there for a month and burned the house down.
between lease date to lease termination is 56 days. (we did get rent for 2 months from the tenant)
For the rest of the year (Oct, Nov and Dec) we received rent loss income from our insurance.
I know that rent loss income from insurance are taxable, so I treated it like a normal income.
However when asked how many days the property was rented.. is it 2 months (lease date commence till termination) or 5 months (including the rent loss income duration).
If i had recorded rental income for 5 months, and only record expenses for 2 months, it's not apple to apple.
Is there any IRS Code on these?
