I had a house fire last year and the insurance paid for the house to get fix. Can I use the repairs to the house on my taxes?
2007-01-31 14:42:21 · 5 answers · asked by iceblue2011 3 in Business & Finance ➔ Taxes ➔ United States
No, if your loss was insured there is no deduction.
2007-01-31 15:52:43 · answer #1 · answered by Bostonian In MO 7 · 0⤊ 0⤋
There is a place on your taxes that you can claim a loss such as this, presumes a) you were not at fault for the loss and b) the amount claimed was not covered by insurance. You need form 4684
2007-01-31 14:55:09 · answer #2 · answered by azohawk 3 · 1⤊ 0⤋
nope. Insurance is not a tax deduction.
2007-01-31 14:50:26 · answer #3 · answered by ambi 4 · 1⤊ 1⤋
If you had a lose there are provisions for you to use.
But there are limits & it would be best to get the good kind of advice.
2007-01-31 14:51:34 · answer #4 · answered by Floyd B 5 · 1⤊ 1⤋
iceblue2010 I saw you on the news today...!!
☆ http://www.osoq.com/funstuff/extra/extra04.asp?strName=iceblue2010
2007-01-31 14:57:18 · answer #5 · answered by dfc h 1 · 0⤊ 3⤋