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Get your taxes done using TurboTax
As long as your insurance check covered the complete cost of the repair, you won't need to report this at all. Only if you had extra expense after using the insurance check would you report the DIFFERENCE (your actual out-of-pocket cost) as a repair expense.
*** I am NOT a tax expert. I am a seasoned TurboTax user, and volunteer to provide assistance to TT users. Nothing I post is to be considered TAX ADVICE; I bear no legal liability for responses.***
March 7, 2021
1:09 PM