Regarding the new equipment purchase, you can likely deduct it on your 2021 taxes. Business-related equipment purchases are often eligible for tax deductions, but the specific rules can vary based on your location and tax laws. Make sure to keep thorough records of the purchase, including receipts and any relevant documentation, to substantiate the deduction.
If you're uncertain about how to enter this information into tax software like TTHB, you might consider reaching out to this insurance company. They should be able to assist you in properly recording the claim and equipment purchase on your taxes.
