If my house was destroyed by Hurricane Rita and I am paid under my homeowner's insurance
X for Property damage
Y for contents replacements and
Z for living expenses,
is any of this taxable as income?
Thanks.
If my house was destroyed by Hurricane Rita and I am paid under my homeowner's insurance
X for Property damage
Y for contents replacements and
Z for living expenses,
is any of this taxable as income?
Thanks.
dealing with the insurance company on his own. Just wonder what is the deal.