My car was totaled. Does this come up on my taxes?

[art319]

Where does this come up (if anywhere) on my taxes? I was not at fault, the insurance company of the party at fault is paying off the car.

[jerry2000 · Accepted solution]

No. If insurance is paying for the car, then you have nothing to report or deduct.

[art319]

thank you very much!

[sammyd83]

What if you only had liability insurance and therefore did not get any money from insurance if car was totaled?

[LeonardS]

If your car was not used for business purposes, the car being totaled is a personal loss and would not be reported on your tax return.  Personal casualty and theft losses sustained in a tax year beginning after 2017 are not deductible unless they are attributable to a federally declared disaster.   As your loss was not due to being in a federally declared disaster the deduction is not allowed.