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April 28, 2023
Question

Do I declare an auto insurance payout on my income tax return?

  • April 28, 2023
  • 1 reply
  • 0 views
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    1 reply

    Gahyee
    May 1, 2023

    Hi @mthibert insurance proceeds are generally not claimed on income taxes.  The exception is if I you are self-employed and the vehicle was being used for your work.