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vester694
New Member

If insurance pays under Coverage D-ALE/Loss of Use for lost rental income after a hurricane, how is that handled on my taxes?

I will likely be claiming casualty losses on my home that was damaged during a named hurricane/disaster area. As part of my claim, Coverage D - Loss of use paid for lost rental income.

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ee-ea
Level 15

If insurance pays under Coverage D-ALE/Loss of Use for lost rental income after a hurricane, how is that handled on my taxes?

Since the insurance is replacing rent the payments is are entered as if they were rent  

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1 Reply
ee-ea
Level 15

If insurance pays under Coverage D-ALE/Loss of Use for lost rental income after a hurricane, how is that handled on my taxes?

Since the insurance is replacing rent the payments is are entered as if they were rent  

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