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

dg2898 · ‎June 1, 2019

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

IsabellaG · ‎June 1, 2019

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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IsabellaG · ‎June 1, 2019

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