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Level 2
June 1, 2019
Solved

My car was totaled. Does this come up on my taxes?

  • June 1, 2019
  • 1 reply
  • 8 views
Where does this come up (if anywhere) on my taxes? I was not at fault, the insurance company of the party at fault is paying off the car.
Best answer by null725
No. If insurance is paying for the car, then you have nothing to report or deduct.

1 reply

null725Answer
Level 13
June 1, 2019
No. If insurance is paying for the car, then you have nothing to report or deduct.
art319Author
Level 2
June 1, 2019
thank you very much!