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Bobbi sue
Posts: 1,947
Registered: ‎04-25-2010

Tax question.....

‎02-11-2013 06:10 AM

Several months ago part of my kitchen ceiling fell in from a water leak in the upstairs bathroom plumbing. It damaged the kitchen ceiling, bathroom floor and caused serious plumbing problems. I received a check from my home owners insurance to pay for the repairs. Do I have to pay taxes on the check I received even though all of it went on the repairs to pay the plumber and carpenter? Thanks in advance.

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