racks
New Member

I had an insurance claim and I paid 20% of the insurance claim to the public adjuster. Is this amount tax deductible? If yes, where can I enter the amount?

 
MinhT
Expert Alumni

Get your taxes done using TurboTax

If the insurance claim is for your business, then the fee paid to the adjuster is deductible as a business expense under Legal and professional fees.

If the insurance claim is for something for your personal use (house or car), then the fee is not deductible.

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Get your taxes done using TurboTax

reply was in 2019, has this been updated so that it can be deducted as a fee or miscellanious?

DianeW777
Expert Alumni

Get your taxes done using TurboTax

It depends.  If this was business expense for your self employment then you can deduct the expense if it was necessary to produce or keep income in your business. If this was a personal claim there is no deduction for your expense.

@carlrmorin 

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