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Get your taxes done using TurboTax
An insurance indemnity for lost wages is taxable.
You'll need to need it as Other Reportable Income.
In TurboTax, open your return and follow these steps:
- Click on Federal Taxes, then on Wages and Income
- Under All Income, locate the Less Common Income section
- Click Show more and click Start next to Miscellaneous Income at the bottom
- On the next page, click Start next to Other Reportable Income (see attached screenshot).
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‎June 3, 2019
5:01 PM