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Investors & landlords
You report the gain from the excess insurance proceeds on Form 4684 which shows up under 'Other Gains' on Schedule 1 of Form 1040. In TurboTax, you can report it under Casualties and Thefts which can be found under 'Deductions & Credits'. For more information on these gains and how to postpone them, see here: Reporting a Gain on Reimbursement
‎June 5, 2019
11:23 PM