turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

allisonge
New Member

If Insurance has still not come through for lost belongings (Irma while in St Martin) do I put '0' where it asks for insurance reimbursement?

I was in St Martin during hurricane Irma and lost all belongings. our TripMate insurance has still not come through. Do I put '0' for Insurance Reimbursement?

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies
Anita01
New Member

If Insurance has still not come through for lost belongings (Irma while in St Martin) do I put '0' where it asks for insurance reimbursement?

You could do that but then, if you get a casualty deduction this year, you would have to claim the insurance reimbursement as income next year.  You can otherwise wait to claim the loss next year, or just file an amended return later this year when you know the payment amount.  The amendment is probably the best way to go.

If Insurance has still not come through for lost belongings (Irma while in St Martin) do I put '0' where it asks for insurance reimbursement?

Of course it would be just the part of the recovery that would affect the deduction that would count as income.
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies