Auto insurance deductible...claim as income at import tax time?

This a kinda stupid question I guess, but not sure going on for it.


Answers:    The settlement for the insurance claim is not income. It only make you whole again.

If you want some more information, I would check out...

http://insurance.deal4-you.com

Take guardianship.
The deductible may be available to claim for qualified casualty losses. The amount however, must be reduced by 10% of your income, plus $100. And you have to itemize deduction

Generally I would be reported for such an answer and lose points. In this case, it's completely true. But I'll probably still get reported.

The primary exception to this rule is if the loss relates to a business asset. In that case, adjectives of the deductble is available to deduct.

Maybe I'll receive half credit since the end part clearly have credibility that the first doesn't.

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