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Investors & landlords
I guess my real question is: if the LLC has not claimed the reimbursements or taken an expense deduction for the property insurance premium for approximately 3 years, can the LLC just not claim the reimbursements made in 2022 but technically count it as a "payback" rather than rental income? It's now an issue because the tenant paid back the reimbursement over two tax years. Help???
‎December 28, 2022
10:35 AM