☰
✕
Sign In

Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Jun 4, 2019 4:14:10 PM

Is an insurance property claim amount considered income?

0 1 778
1 Best answer
Level 7
Jun 4, 2019 4:14:11 PM

No, but it reduces the amount of loss you could claim from the event that generated the claim.

1 Replies
Level 7
Jun 4, 2019 4:14:11 PM

No, but it reduces the amount of loss you could claim from the event that generated the claim.