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How do I claim expenses from a previous year to offset income from rental arrears received this year?
My disabled daughter lives in my home and pays for room and board from SSI. With deductions it's a wash and I don't owe any tax on it. My issue is that her benefits were suspended for over a year due to an SSI error, and then reinstated with arrears paid from a previous year. I understand that I have to declare the income from the arrears in the year I received them, but how can I claim expenses? The expenses were in a previous tax year.
‎April 13, 2024
4:58 PM