Hello all,
I had a fire in a rental property in Oct 2022. I was paid my claim amount minus depreciation and deductible in 2022. I was paid my hold back amount in 2023. MY question is this. I still have outstanding work and balances on the claim as of 4/2023. How do I handle this in regards to deductions so they do not think I have tons of money left over from the initial claim?
If it helps I am also selling this property as of the end of the month.
Thank you
Karen F
