| | Same Situation
I also received a 1099-MISC w/$10,000 listed as income on my $16K claim. I am still in the process of conducting repairs to my basement, and the mortgage co. had an inspector visit in Dec. of 2009. When I contacted my mortgage co., they said they send that out to all payees. However, I had to take my return to a CPA this year because of this, and he said he'd never seen this before. He suggested that we file w/out the 1099-MISC and expect a call from the IRS, to which we could demonstrate that it was not in fact income. Makes me nervous, but I don't think paying taxes on it is any better. Any thoughts?