Ex-tenant collections on sold property?

[Kevin Schick]

Here is one to chew on.

I had a property that had some tenants that took the midnight train out of town ...

I worked out a repayment plan with them so they have been paying me back throughout 2007.

The issue is that I sold the property in 2006, so what property on my Schedule E do I now tie this income to?

Since my single member LLC is disregarded, it's not like I have company expense/income. It all ends up on Schedule E under specific properties.

I could still list the property and the associate income, but i wouldn't be depreciating it or anything like that.

I'm sure I could just report it under another property with out any issues, but I don't like mucking up my QuickBooks with something like that.

BMR