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lcmcgr
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Tax Year Prior to 2020: Is a claims payment from my homeowner's insurance company considered miscellaneous income?

Does it get offset by the full cost of the repair?

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Tax Year Prior to 2020: 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.

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