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?

racks · ‎June 1, 2019

MinhT · ‎June 1, 2019

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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carlrmorin · ‎April 10, 2024

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

DianeW777 · ‎April 10, 2024

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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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?

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