topic Received large check from Insurance Co. that just about covered the cost of replacement car; but we still paid out of pocket. How do we record large check amount on taxes in Deductions & credits https://ttlc.intuit.com/community/tax-credits-deductions/discussion/received-large-check-from-insurance-co-that-just-about-covered-the-cost-of-replacement-car-but-we/01/377851#M47486 It would seem that the large check from Insurance Company is not income and we should not have to report this apparent windfall that really wasn't a windfall at all. Tue, 04 Jun 2019 00:27:25 GMT bointlyfiled 2019-06-04T00:27:25Z Received large check from Insurance Co. that just about covered the cost of replacement car; but we still paid out of pocket. How do we record large check amount on taxes https://ttlc.intuit.com/community/tax-credits-deductions/discussion/received-large-check-from-insurance-co-that-just-about-covered-the-cost-of-replacement-car-but-we/01/377851#M47486 It would seem that the large check from Insurance Company is not income and we should not have to report this apparent windfall that really wasn't a windfall at all. Tue, 04 Jun 2019 00:27:25 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/received-large-check-from-insurance-co-that-just-about-covered-the-cost-of-replacement-car-but-we/01/377851#M47486 bointlyfiled 2019-06-04T00:27:25Z Insurance proceeds for the loss of a personal vehicle are... https://ttlc.intuit.com/community/tax-credits-deductions/discussion/insurance-proceeds-for-the-loss-of-a-personal-vehicle-are/01/377855#M47487 <P>Insurance proceeds for the loss of a personal vehicle are not taxable and don't need to be reported on your tax return.<BR /></P> Tue, 04 Jun 2019 00:27:27 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/insurance-proceeds-for-the-loss-of-a-personal-vehicle-are/01/377855#M47487 DDollar 2019-06-04T00:27:27Z