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RU2
Level 2

Received insurance payment in 2021 for rental property sold in 2018 - where show the 1099-MISC?

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?

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Accepted Solutions
tagteam
Level 15

Received insurance payment in 2021 for rental property sold in 2018 - where show the 1099-MISC?

In that event, it is probably best to report it as such (as income from one of your rentals).

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4 Replies
tagteam
Level 15

Received insurance payment in 2021 for rental property sold in 2018 - where show the 1099-MISC?

In what box is the figure?

 

If it is in Box 3, you can simply report it as Other income.

RU2
Level 2

Received insurance payment in 2021 for rental property sold in 2018 - where show the 1099-MISC?

Thanks, they reported it as 1- rents

tagteam
Level 15

Received insurance payment in 2021 for rental property sold in 2018 - where show the 1099-MISC?

In that event, it is probably best to report it as such (as income from one of your rentals).

RU2
Level 2

Received insurance payment in 2021 for rental property sold in 2018 - where show the 1099-MISC?

Thanks, makes sense. 

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