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lizrod13
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If I got Money from Progressive to fix my car and I gave all that money to the autobody, Do I claim on my taxes? and How?

 
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2 Replies

If I got Money from Progressive to fix my car and I gave all that money to the autobody, Do I claim on my taxes? and How?

An auto insurance claim and payment is not taxable income so is not reported on a tax return.

Anonymous
Not applicable

If I got Money from Progressive to fix my car and I gave all that money to the autobody, Do I claim on my taxes? and How?

and if the cost to repair was more than insurance (usually the case because of deductible unless another party was at fault)  and this involves a personal casualty loss,  such loss is no longer deductible (2018-2025)

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