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Tanya also received $100,000 in insurance payments. She received $50,000 for damages to her car and property when a drunk driver jumped the curve and
Tanya also received $100,000 in insurance payments. She received $50,000 for damages to her car and property when a drunk driver jumped the curve and demolished her parked car and other property. What are the tax implications? For example, will Tanya have to report these insurance payments as gross income?
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Insurance payments received for property damage are generally not considered taxable income Tanya ...
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South Western Federal Taxation 2017 Essentials Of Taxation Individuals And Business Entities
Authors: William A. Raabe, David M. Maloney, James C. Young, Annette Nellen
20th Edition
978-0357109144, 978-0357686652, 978-1305874824
