Solved: Do i have to include an insurance settlement for home repairs?

Do i have to include an insurance settlement for home repairs?

I had a lawsuit for on my insurance company for roof damage.

posted

No. If this is for your personal residence, unless your insurance proceeds were more than the damages to your home, the insurance settlement would not be taxable.

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No. If this is for your personal residence, unless your insurance proceeds were more than the damages to your home, the insurance settlement would not be taxable.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"