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Need help on tax deduction on a totaled car lost in a accident.
My personal car was totaled in an accident at the beginning of last year, 2022. Unfortunately i didn't buy a collision coverage for my car. I was no fault in this car accident and based on michigan's no-fault law, the insurance company of other guy who is at fault gave me a check of $3000 which is the highest sympathy amount in michigan.(They file the claim.)
I bought a new camry afterwards and can i get any tax deduction. How to file it with turbotax? Thanks.
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‎January 19, 2023
1:17 PM