Mairof
Level 3

The Restaurant burned down in 2021 and the insurance company game money for:

Loss of income and gave a 1099Misc. Is taxable and how to report in S Corporation?

Also, the insurance gave money for appliances(assets lost) and clean food debris removal. The S Corporation did not receive any  form. Is taxable and how to report in Pro Series?

 

 

 

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