Hi,
I contracted a rental agency to put my house for rent toward the end of 2020. However the agency could find a renter only for lease starting on 1st Jan 2021. The rental agency received the first month (JAN) rent in advance from renters on 30th Dec 2020. The agency then generated a 1099 MISC form for me for rental income in 2020 though I did not receive the rent from rental agency in 2020 itself. Also the house was not leased at any point in 2020 - the lease started in 2021. So do I need to pay taxes on this rental income in 2020 or in 2021? Is there a way to show that the income was not actually received in 2020 ?
Thank you for any help.
