Exclusion of Taxable Gain | Cal Fire Tax Information

Tax Information for Victims of California Wildfires and Other Disasters

Insurance has sent me a check for the loss of my house. Is it taxable?

Nov 15, 2017 | Exclusion of Taxable Gain, Insurance

The answer to this and most tax questions is: It depends. There is a potential for the insurance payments to be taxable and it depends on the facts and circumstances of each case. Casualty Loss: If a Home Owner was uninsured (or under-insured) and lost their house,...

Insurance has sent me a check for the loss of my house. Is it taxable?

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Insurance has sent me a check for the loss of my house. Is it taxable?

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