Skip to main content
April 21, 2023
Question

House is rented by a company for 1 year, mid2022-mid2023. They paid 1 year rent in 2022, issued 2022 1099-MISC for 1 year rent amount, What amount should I report?

  • April 21, 2023
  • 3 replies
  • 0 views
My rental property is rented by a company, from mid 2022 to mid 2023, for 1 year. They paid rent for an year in 2022 itself. I got a 1099 for 1 year rent amount. Since the duration of the rent also falls in 2023, I was wondering if I should report the full amount in 1099 as is in my 2022 returns, or split it for 2022 and 2023 myself. Please suggest.

3 replies

Employee
April 21, 2023

If you received payment in 2022 you should report that amount on your 2022 taxes.

Hal_Al
Employee
April 21, 2023

Q.  I was wondering if I should report the full amount in 1099 as is in my 2022 returns, or split it for 2022 and 2023 myself?

A.  Report the full amount. 

Carl11_2
Employee
April 21, 2023

Income is reported in the tax year it is received. Doesn't matter what year it may be for.