Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
cancel
Showing results for 
Search instead for 
Did you mean: 
meg1
New Member

Do I have to pay tax on donations and insurance payouts from a fire in my apartment building?

 
1 Best answer

Accepted Solutions
xmasbaby0
Level 15

Do I have to pay tax on donations and insurance payouts from a fire in my apartment building?

No, donations or gifts that you received are not taxable, nor are your insurance payouts.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

View solution in original post

2 Replies
xmasbaby0
Level 15

Do I have to pay tax on donations and insurance payouts from a fire in my apartment building?

No, donations or gifts that you received are not taxable, nor are your insurance payouts.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
meg1
New Member

Do I have to pay tax on donations and insurance payouts from a fire in my apartment building?

Thank you!
Dynamic AdsDynamic Ads
Privacy Settings
v