topic I totaled my car and received almost double the of fmv because I paid for car replacement assistance. is an of this taxable in Deductions & credits https://ttlc.intuit.com/community/tax-credits-deductions/discussion/i-totaled-my-car-and-received-almost-double-the-of-fmv-because-i-paid-for-car-replacement-assistance/01/659161#M86260 Thu, 06 Jun 2019 09:24:46 GMT dmc157 2019-06-06T09:24:46Z I totaled my car and received almost double the of fmv because I paid for car replacement assistance. is an of this taxable https://ttlc.intuit.com/community/tax-credits-deductions/discussion/i-totaled-my-car-and-received-almost-double-the-of-fmv-because-i-paid-for-car-replacement-assistance/01/659161#M86260 Thu, 06 Jun 2019 09:24:46 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/i-totaled-my-car-and-received-almost-double-the-of-fmv-because-i-paid-for-car-replacement-assistance/01/659161#M86260 dmc157 2019-06-06T09:24:46Z No.  You purchased the insurance for the car with after-t... https://ttlc.intuit.com/community/tax-credits-deductions/discussion/no-you-purchased-the-insurance-for-the-car-with-after-t/01/659164#M86262 <P><B>No</B>.&nbsp; You purchased the insurance for the car with after-tax dollars which means you shouldn't have any taxable income.&nbsp; Being paid double the FMV doesn't mean you were paid more than you purchased the car for originally (full price not loan pay-off).</P><P>If you didn't receive a tax document from the insurance company there is nothing to report.</P><P>&nbsp;&nbsp;</P> Thu, 06 Jun 2019 09:24:48 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/no-you-purchased-the-insurance-for-the-car-with-after-t/01/659164#M86262 DianeW 2019-06-06T09:24:48Z