Hello,
In Oct 2022 there was a fire in our rental property in another state. We have been working on the house and completing the repairs at this time. The house was insured for repairs. I have had the insurance payouts deposited into the Paypal account I use for the property. My question is how do I go about separating the payouts on the 1099 so I do not have them as income? For ex: it shows I took in 43K in December.
Thank you,
Karen
