Security Deposit on a rental Property
I started renting a property in December and got a security deposit from the tenant. Per the IRS page i thought I read that security deposits are not to be included if it is intended to be returned to the tenant in the future. My only issue is that 1099-MISC that I received from the rental company includes the first month rent and the security deposit totaled in the rents line. Am i supposed to include the security deposit or not?