Question
How do I report a reimbursement for expense deducted on Schedule F in the Prior Year?
I am a cash basis crop share landlord of my family farm who deducted seed expense in 2020. I was reimbursed for a portion of that expense in 2021. By the IRS rules, it says that the reimbursement has to be reported as income but doesn't say where. Schedule F has an "Other Income" line but the instructions for that line do not include reimbursements. Do I report it on Schedule F "Other Income" or elsewhere?
