turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

danhenry
New Member

Hail damage to property I rent out. Where in turbo tax do I report insurance payment received and where do I report repair cost paid (expense)?

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
Coleen3
Intuit Alumni

Hail damage to property I rent out. Where in turbo tax do I report insurance payment received and where do I report repair cost paid (expense)?

You would only need to include this if you are claiming a Casualty Loss on Schedule A. Your reimbursement and the 10% of AGI floor will greatly reduce any claim on Form 4684.

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question