Received insurance check for damage on rental property. The insurance paid more than the repairs cost. Where do I enter the difference?

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Received insurance check for damage on rental property. The insurance paid more than the repairs cost. Where do I enter the difference?

Enter the excess as rental income.

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Received insurance check for damage on rental property. The insurance paid more than the repairs cost. Where do I enter the difference?

Enter the excess as rental income.

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