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How to report insurance reimbursement recieved one year for a theft loss in a prior year?
We suffered property damage from hurricane Irma in 2017. However, insurance settlement took considerable time and we did not receive reimbursement until well in to 2018. Do I report the loss in 2017 the year it occurred and the reimbursement in 2018? Or do I file an amended return for 2017?
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‎June 5, 2019
11:23 PM