My daughter received a payout from insurance for her car that was totalled by hail, is that considered income?

[twcarter1]

money received by insurance co. for totalled car was invested in 2014.

[fuzzy · Accepted solution]

If the car was strictly for personal use, the insurance proceeds are not taxable and are not reported on her return

[twcarter1]

thanks! yes it was for personal use.

[dfeatherby]

The insurance payout is not income.  If the money was invested and earns dividends or interest, those earnings are taxable.