Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
English EN

Pick a language

Canada Français United States of America English
cancel
Showing results for 
Search instead for 
Did you mean: 
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?

 
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.

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

v