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    jrrotter
    New Member

    Should I claim the monies received after a motor vehicle accident, from my insurance company?

    Vehicle was totaled and I ended up on long term disability
    posted
    ‎February 22, 2023 12:42 PM
    last updated ‎February 22, 2023 12:42 PM
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    1 Reply
    TurboTaxBrenda1
    Level 15

    Should I claim the monies received after a motor vehicle accident, from my insurance company?

    I'm very sorry to hear about your accident. 

     

    As per CRA: compensation received from a province or territory if you were a victim of a criminal act or a motor vehicle accident is not to be reported on your income tax return.

     

    Thank you for choosing TurboTax.

    ‎February 23, 2023 3:01 PM
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