2771867
I received an insurance payment in 2021 for a rental property sold in 2018 - where should I show the receipt (1099-MISC, box 1 - rents)? For example, I still file Schedule E for other rental properties, should I show the money as income against any other property?
You'll need to sign in or create an account to connect with an expert.
In that event, it is probably best to report it as such (as income from one of your rentals).
In what box is the figure?
If it is in Box 3, you can simply report it as Other income.
Thanks, they reported it as 1- rents
In that event, it is probably best to report it as such (as income from one of your rentals).
Thanks, makes sense.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
MissMLB
Level 2
naokoktax
Level 1
saviochenyu
New Member
Priller
Level 3
Jeffrey_O_Anderson
New Member