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New Member
posted Feb 17, 2025 3:13:54 PM

Do I need to put in my taxes if i had damage to my home and filed an insurance claim, but no loss

i had roof and shed damage, but insurance covered it. so no loss financially. Do i need to put in tax return

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3 Replies
Expert Alumni
Feb 17, 2025 3:15:22 PM

No, you don't need to include your home damage on your tax return.

Level 15
Feb 17, 2025 3:16:31 PM

No, you do not need to report that insurance payment.

 

Casualty and theft losses are not reported on a federal tax return unless they occurred in a federally declared disaster area.

Level 15
Feb 17, 2025 3:17:00 PM

There is nothing to enter in a tax return about that.