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    chippylisa
    New Member

    If I received payment from my insurance company for cleanup work I did after our basement flooded, do I have to claim it as income?

     
    posted
    ‎October 30, 2019 4:30 PM
    last updated ‎October 30, 2019 4:30 PM
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    2 Replies
    TurboTaxSlavko
    New Member

    If I received payment from my insurance company for cleanup work I did after our basement flooded, do I have to claim it as income?

    No. Insurance payments are generally not considered taxable income.

    ‎October 30, 2019 4:30 PM
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    TurboTaxGale
    New Member

    If I received payment from my insurance company for cleanup work I did after our basement flooded, do I have to claim it as income?

    No, this is not income

    ‎October 30, 2019 4:30 PM
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    1,433
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