https://ttlc.intuit.com/community/taxes/discussion/insurance-claim/01/2915846#M1064432 <P><SPAN>As an LLC, we experienced water damage in one of our properties and filed an insurance claim for it. After completing the necessary repairs, there is still some remaining funds from the claim. How do I accurately report this in Turbotax Business 2022?</SPAN></P> Mon, 23 Feb 2026 11:27:51 GMT gy1027 2026-02-23T11:27:51Z https://ttlc.intuit.com/community/taxes/discussion/insurance-claim/01/2915846#M1064432 <P><SPAN>As an LLC, we experienced water damage in one of our properties and filed an insurance claim for it. After completing the necessary repairs, there is still some remaining funds from the claim. How do I accurately report this in Turbotax Business 2022?</SPAN></P> Mon, 23 Feb 2026 11:27:51 GMT https://ttlc.intuit.com/community/taxes/discussion/insurance-claim/01/2915846#M1064432 gy1027 2026-02-23T11:27:51Z https://ttlc.intuit.com/community/taxes/discussion/re-insurance-claim/01/2915943#M1064476 <P>You should report the excess insurance payment as Other income.</P> Mon, 27 Feb 2023 17:23:57 GMT https://ttlc.intuit.com/community/taxes/discussion/re-insurance-claim/01/2915943#M1064476 MinhT1 2023-02-27T17:23:57Z https://ttlc.intuit.com/community/taxes/discussion/re-insurance-claim/01/2918583#M1065445 <P>Thank you!</P> Tue, 28 Feb 2023 15:32:45 GMT https://ttlc.intuit.com/community/taxes/discussion/re-insurance-claim/01/2918583#M1065445 gy1027 2023-02-28T15:32:45Z