Do I need to pay taxes on wage loss compensation through insurance? Was wondering if that would make filing more complex.

[MinhT]

An insurance indemnity for lost wages is taxable.

You'll need to need it as Other Reportable Income.

In TurboTax, open your return and follow these steps:

• Click on Federal Taxes, then on Wages and Income
• Under All Income, locate the Less Common Income section
• Click Show more and click Start next to Miscellaneous Income at the bottom
• On the next page, click Start next to Other Reportable Income (see attached screenshot).