My home was flooded and I had flood insurance for dwelling only, no contents. Do I show insurance money as income? Should I have received a tax form for it?

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My home was flooded and I had flood insurance for dwelling only, no contents. Do I show insurance money as income? Should I have received a tax form for it?

No, you would not show insurance proceeds as income.

You may qualify for a Casualty and Theft Loss. If so, be sure to include your insurance reimbursement:

https://ttlc.intuit.com/replies/3301959

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