Pricing
Support
Discuss
TurboTax.com
Open TurboTax

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Announcements
Your taxes, your way. Get expert help or do it yourself. >> Get started
Close icon
Do you have a TurboTax Online account?

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

Yes No
cancel
Turn on suggestions
Showing results for 
Search instead for 
Did you mean: 
lcmcgr
New Member
posted
‎June 4, 2019 9:40 PM
last updated ‎June 04, 2019 9:40 PM

Is a claims payment from my homeowner's insurance company considered miscellaneous income?

Does it get offset by the full cost of the repair?
0
1
154
Reply
1 Best answer

Accepted Solutions
KarenL2
Level 5
‎June 4, 2019 9:40 PM

Is a claims payment from my homeowner's insurance company considered miscellaneous income?

No, it's not income if it's to repair damage to your home.  There is no need to report it on your taxes.

View solution in original post

0
152
Reply
1 Reply
KarenL2
Level 5
‎June 4, 2019 9:40 PM

Is a claims payment from my homeowner's insurance company considered miscellaneous income?

No, it's not income if it's to repair damage to your home.  There is no need to report it on your taxes.

0
153
Reply

Found what you need?

Start my taxes

Already have an account? Sign In

rating image(4.6/5 | 291,310 reviews)

Top help articles

view all
How do I clear and start over in TurboTax Onli...
TurboTax 2022 Online product guide
How do I find last year's AGI?

Still have questions?

Make a post

Or browse the Forums

About Community

Learn about taxes, budgeting, saving, borrowing, reducing debt, investing, and planning for retirement.

3.48m
Members

2.6m
Discussions

Quick links

link icon First Time Here?
link icon Community Do's & Don'ts
link icon Upcoming Events
link icon Ready to file your taxes?

Estimate your tax refund and where you stand

Get Started


Dynamic AdsDynamic Ads
Meet your expertsAll Experts >
LindaS5247
I am an Enrolled Agent. I worked for the I.R.S. for 33 years. I spent my last 11 years at the I.R.S. in Mand...
JosephS1
Been with Intuit for going on 6 years now. Been part of TTLive, Full Service TTL, was part of Accuracy guaran...
MonikaK1
Enrolled Agent
TomK2023
MBA, Enrolled Agent. Been preparing taxes professionally for 10+ years.
SharonD007
EA with 18 years of tax experience.
Manage cookies
v