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dg2898
New Member

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

I had a lawsuit for on my insurance company for roof damage.
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IsabellaG
Employee Tax Expert

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

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
Employee Tax Expert

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

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"

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