We received a check from Wells Fargo Remediation for refund of home warranty service. Does this need to be reported as income on our taxes?

Do refunds for home warranty service count as income on taxes?

posted

Connect with an expert

2 Replies

We received a check from Wells Fargo Remediation for refund of home warranty service. Does this need to be reported as income on our taxes?

No. refunds for home warranty services do not count as income. You are receiving money back for money that you have already paid for a service or premium that was never performed.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

We received a check from Wells Fargo Remediation for refund of home warranty service. Does this need to be reported as income on our taxes?

Thank you for your clear reply! I could not find this information anywhere else. I needed this in order to complete my Income section of my TurboTax return.

Still have questions?