Thanks for the reply. The property was used as a vacation rental by the previous owners. It is a primary residence for us. We were obligated to honor any rentals that were booked at the time of purchase. There was a tenant who had booked 5 days, which we had to honor, after we took possession of the property. We were paid for those 5 days by the Property Management company, who issued a 1099. This particular tenant's stay actually overlapped our ownership and the previous owner and we were each paid for the days we had ownership.
