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Home insurance settlement taxes?

I already know that I will owe no taxes on the home insurance settlement I received. But from my understanding, the bank alerts the IRS when I make a large deposit to my bank account. Therefore, the IRS knows I banked over $20k in one lump last year. How do THEY know it's an insurance settlement? I've searched the internet, and can't find an answer. I'm using TaxAct online for my taxes this year, and so far they haven't asked me anything pertaining to this. What am I missing here?

   








Whose insurance will be raised?
Should I get health insurance?
Car insurance help?!?!?
Can a person have health insurance through his employer and also be on medicare?
Insurance & newborns?
Auto insurance and Car payments?
Social insurance number?
What insurance company in Houston Texas offers the cheapest auo rates for a 77 year old man with an excellenct driving record?
Switching insurance companies with damage?
Car insurance for a new driver.?
Who pays for the home insurance when you let your house?
Is it true that car insurance is optional in New Hampshire?
Planned Parenthood, No insurance?
What the differents in term life& whole life insurance?
Is there an advantage to getting your auto and home insurance through the same company?
Wat insurance should i use?
Out of curiosity, does anyone know why car insurance is CHEAPER when you add your partner on?
Insurance money or insurance fraud?
Health Economics Assignment?
Motorcycle Insurance?
Where can I find affordable health insurance?
Can your name be on the title and registration and ..insurance while not on the car loan?
Why has the affordable health care act accelerated the rise in health insurance rates?
Insurance for a street bike?
What's going to be the insurance for 2007 Ninja 250?
Can I be on someone's auto insurance policy if I don't live with them?
Do I need a car title to get car insurance?
Life Insurance for over 40's?
Am I paying too much for health insurance? 29 year old healthy non-smoker paying $114 a month?
Car insurance - change of address?
Cheap car insurances?
What's a good looking affordable car for a teen?
I want to change car insurer?
I want to change car insurer?
Cheap cars to insure at 18?
Insurance Industry?
Is auto liability insurance mandatory in Texas?
Is there anyone in california that helps people with claiming insurance from the other party's insurance compa?
Health care for dummies. How does insurance work?
What date should I start my new car insurance?
Looking to get health insurance for first time.?
Where can I find my medical group number in my insurance card
How much would my insurance be?
Young motorcycle riders, how much is your insurance?
How much does pet insurance cost?
What car insurance suits me best?
Covered California individual plan?
How much is it to include your teenage child in your car insurance plan?
What are some cheap first cars, and low insurance.?
My insurance co. just cancelled my policy!!! Plz. HELP!!!!?
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Is high risk homeowner's insurance necessary in Florida?
I am expecting to move to South Florida soon with work and am concerned about the coastal location and buying a home. I plan to purchase a home eventually, but I am told that it is a high risk state because of hurricanes, and my insurance is going to be very expensive no matter what part of the state I am in. In addition to this I was also told that I probably will not have flood insurance offered. Is it true that I will have to have a higher risk premium on my insurance bill and have to be subject to floods anyway?"


I was in a car accident no one was hurt but the other driver has made a claim through insurance what happens now?
He won't answer


What happens if you can't afford the affordable health insurance?
How much do you get paid for each of these posts, you disgusting government propagandist?"


"How much money would I have if I put 3,000$ in the bank every year for 18 years?"
Since the average person starts college at 18 years old, I want to save as much money as I can to have enough money to pay for my child's college, I decided to put 3,000 dollars every year in a savings bank for 18 years,. How much money would that be in 18 years, and would that be enough to pay for my child's 4 years of college. 18x3,000 = 54,000, would that be how much money I would save up or would it double, or even be more money than that?"


How much would insurance cost for a 17 year old?
I'm going to be seventeen soon and I'm just curious how much it will cost to insure me. My parents have USAA and they have some kind of family type plan with me my sister and both of my parents. I will probably be driving this car http://cgi.ebay.com/ebaymotors/2004-NIssan-350Z-custom-body-work-and-paint-/320645191467?pt=US_Cars_Trucks&hash=item4aa7f1572b#ht_930wt_1123 I don't care about your opinion of the car, and I don't need a lecture on the fact that I shouldn't street race I just want a ROUGH estimate of how much it will cost per year or per month or whatever you can find"


How much is insurance in canada for a motorcycle?
how much is the average insurance rate in canada for sports motorcycles? ....per year or per month?


How much will my insurance go down if i am on my dads policy ?
Hi i have just passed my test and obviously looking to get a car, i will be most probably having a friends car as he is getting a new one, its a 1.6 W reg Citroen saxo, if i have my own insurance (third party only) its around 3500.00 which is well out of my price range, if i did go on to my dads or moms policy, how much less would it be roughly, my dad lives in a nice area but did lose his licence for 3 months a few years back, my mom lives in a mediocre area but has no points and no history of any problems, i am 19 and i work as a clerical officer if that helps at all :S"


"Motorbike Insurance problems [few questions about license, L plates and insurance]?"
Hello all, i have a few questions about [title] I am 18yo [19yo in September] i passed my driving test 4th September 2014, i had provisional license since 14 February 2014, i passed CBT in February 2015. 1 My first question is do i need L plates on my 125cc motorbike ? 2 When i was trying to see the prices of insurance [comparethemarket] i have been asked ''Type of motorcycle licence'' and i have full car license [B] and i have [AM] also same as car but under number 12 which are codes there is some number and under car isnt so i have full moped or not, which one should i chose 'Full moped uk' or 'Provisional UK' 3. On my quotes there are insurance companies like 589 up but some of them under Motor legal protection says 'add [for about 28-35 different from each company] and when i click what is that motor legal protection it says ''In the event that you are involved in an accident that isnt your fault, motor legal protection could help pay for expensive legal costs that can arise from an accident.'' and here are my questions for number 3. So what i am paying for ?? 57-90 monthly and even if someone hit me and its not my fault i need to pay for the damage he made to his vehicle and my vehicle ?? if yes then what is this insurance for ? and its not only 1 cheapest company that doesnt have that but you can add it to your insurance only few of them have that ticked do you have any idea how to make the price of insurance lower ? Thanks for helping !"


"Best life insurance for 50 y/o male, married?"
just got married and want life insurance that will provide for my wife after I'm gone. non smoker, generally healthy 50 y/o white male"


How much would insurance cost for a 1990 Toyota Corolla?
I'm 17, it's my first car."


I just got out of federal prison and need knee surgery but have no insurance?
I just got out of federal prison and need knee surgery but have no insurance?


Can my insurance company deny my car claim based on my credit report?
My car got stolen and progressive sent me paperwork to sign that asked to pull my credit, have access to bank statements, phone records etc. If I have some delinquent items on my credit; can my claim get denied? Can I refuse to sign? I feel it's intrusive and I don't want them to have all that info or base my claim on bad credit history.Besides, I'd rather my car be found. Help!"


"Pet owners, do you not have pet insurance in America?"
I just saw an answer to a question, where someone said 'I wish there were cat insurance' (regarding medical bills). Do you guys over there not have pet insurance at all? This has surprised me, because pet insurance is available to us in the UK! :) Can anyone clear this up for me?"


Health insurance for 25 year old Greencard holder with mental health problems?
I'm a 25 year old male living in Florida, and I'm a Greencard holder with no health insurance. I'm looking for affordable health insurance. I have pre-existing conditions including Obsessive Compulsive Disorder, Schizo-affective disorder and Asperger syndrome. I take two medications for my mental health problems, one of which costs about $54 per month and the other costs about $33 per month. How much would the cheapest health insurance cost for me that covers most or all of the cost for my medications? Thanks for any help!"


Can a corporation deduct the the life insurance premiums paid on the officers of the corporation?
Can a corporation deduct the the life insurance premiums paid on the officers of the corporation?


Home insurance settlement taxes?
I already know that I will owe no taxes on the home insurance settlement I received. But from my understanding, the bank alerts the IRS when I make a large deposit to my bank account. Therefore, the IRS knows I banked over $20k in one lump last year. How do THEY know it's an insurance settlement? I've searched the internet, and can't find an answer. I'm using TaxAct online for my taxes this year, and so far they haven't asked me anything pertaining to this. What am I missing here?


What's the best CAR Insurance?
i'm trying to save myself some money. if you know just tell me which car insurance is the best and cheapest.


"In a small business, which do you think the employees would like best? Better wkg conditions or More pay?
or better Medical Insurance?


Do car dealerships share info with your car insurance?
I recently bought car insurance trying to fix the transmistion but it says it dosent cover existing problems. (Insurance company is Endurance) If I lied and said the problem started a long time ago could they find out? Because I took my car to Nissan to see what was wrong so they know about my car being messed up. Is there any possible way they could find out I had this problem before I started the insurance? Thank you.


How much will motorcycle insurance cost approximately?
Im 17 and I have had my Minnesota drivers license for about a year. Im looking to buy a 250cc Kawasaki ninja or something similar. I will take the MSF safety coarse. I have good grades and have never crashed my car. Give me a rough estimate. Thanks!!


Car insurance costs help?
I'm getting a car. Is there some website that will tell me or help me figure out how much my car insurance will be every month?


Is term or life insurance better?
Is term or life insurance better?


Best SUV car for cost and insurance on teenage driver?
I've decided i must have a SUV for my first car, my budget is low since I'm a student I was wanting to pay no more than 1,500 for the actual car, i was thinking on something around year 1990-2005 that was fuel efficient, low insurance and low road tax :) Definite used and loads of miles on it, since it's cheaper lol thank you so much for the people who give me a good answer"


"Lapse in insurance, need help please (maryland)?"
Hey guys, I'm in need of some guidance. My car insurance is ripping me a new one. My insurance policy has me and my dad listed under it with two financed vehicles, I have been paying the insurance for us both because his insurance rate isn't that much and it benefits me to have him on the policy. For the past year I have been insured with Esurance"" and have been steadily paying $500.00 a month for insurance (it's high because I had a bad record 2 years ago but have stayed clean since then)"


Can you cancel car insurance?
Right, I'm getting a car this weekend, I haven't passed my test yet but hopefully will be passed in the next 1 - 2 months, therefore the insurance I'm taking out at the moment is for a provisional driver. The insurance that I'm taking out lasts for a year but obviously I will need to change it when I have passed, so that insurance will rise in price. But I was wondering if once I have passed can I cancel that insurance and change to an insurance that looks at young drivers because at the minute the young driver insurance places won't quote me coz I'm still learning. Sooo, to sum up... can I change my insurance company after only 2 months with them? Any help welcome. :)"


"Can the previous owner of my car report my car stolen if I have the title, reg, and insurance in my name?
I bought a car through a private sell and made most of my payments on time. The last 3 payments I have yet to make due to financial issues. I have explained this to the seller and I have kept communication open so he knows that I am still going to pay for the car. He has recently sent me an email saying that he is going to call the police and report the car stolen. The title is completely in my name and so is registration and insurance. The vehicle was never in his name either since it was his stepmothers vehicle who passed away. Is it possible for him to report my car stolen? Or would he have to take me to small claims court? I have expressed to him in detail that I have no intentions of running off with the vehicle without making complete payment and that I am honest in my intentions. Please!!! I need some advice!


How will canceling my auto insurance effect my credit?
I have insurance right now on my car that is quite expensive. I've had it for a month but I found a cheaper one I'd like to switch to. Will it effect my credit or anything of that matter in any way?


"Will my car insurance rates go up, hit and run accident?"
I was parked out of my girlfriends house and apparently during my visit someone had hit my car that was parked on the side of the road. The other car just nicked my bumper (no damage to fender) but hit it hard enough to totally tear the bumper off the driver side and the front of the car and was left dangling on the passenger side. There were also scratches on the top of my driver side mirror, and the mirror itself popped out and was shattered. Basically my question is...if I claim it, will my rates go up? I believe I am insured under my parent's names and not my own. I had one accident that was my fault about 2 years ago."


If you drive with no license or insurance are you automatically at fault?
A friend of my got into a car accident, his car was totaled and at the time he had a suspended licenese and no car insurance. Although the police report shows that he was not at fault the insurance company of the other party is now persuing him for $14,000 in damages. Unfortunatly he is having economic hardships and cannot make the payment they are requesting. They are clearly making threats to suspend his license if he doesnt pay $250 a month. Because he had no insurance or license is he automatically at fault? Is there anything he can do? Does anyone have any info on a good lawyer? Any Information would be helpful. Thank you :-)"


Renault clio? first time insurance how to get it cheap?
looking at a clio 1999-2003 model any hints on how to get cheaper? got a quote for 4000 today!


What should i expect in a auto accident and insurance settlement?
I was hit from behind on Wednesday evening heading to work. The driver was ticketed by the police and their insurance company has admitted full liability. Injury wise, I have whiplash which thankfully, is going away now. My car, according to their adjuster, is going to be claimed as totaled. So, my car is valued at 7400, and repairs just from visual inspection, are 7015. So they are going the totaled route as its cheaper for them. After they buy the car from me, they will sell it to salvage, expect to get 2k from it, and only be out 5400 instead of a full cost of repairs. So I've had the car for a year and half, taken out on a 5yr car loan. I still owe 12k on it. After they cut a check to the lean holder, I'm still responsible for 5k on that loan. The bank and my insurance at the time didn't offer gap insurance. Stupid of me, I let my current policy expire to search around for a more affordable policy. I kept procrastinating, and the accident happened with me having no insurance. Lucky he hit me and is at fault. I'm trying to see what my options are. I've gone to the liable company's website and see their basic plan for my state, law requires 25k in property liability for at fault accidents, plus medical etc. So I'm wondering what should I expect from the lady handling this claim. I'm not fooled when she called me yesterday and said that she is here to work with and for me. Saying that there is probably a lot of talk about lawyers"


Home insurance settlement taxes?
I already know that I will owe no taxes on the home insurance settlement I received. But from my understanding, the bank alerts the IRS when I make a large deposit to my bank account. Therefore, the IRS knows I banked over $20k in one lump last year. How do THEY know it's an insurance settlement? I've searched the internet, and can't find an answer. I'm using TaxAct online for my taxes this year, and so far they haven't asked me anything pertaining to this. What am I missing here?


Which is life insurance company is number one position?
Which is life insurance company is number one position?


Aetna for health insurance?
i am covered under my mom's aetna insurance. i just had a baby 2 weeks ago. how can i get my son on my mom's health insurance? he has a doctors visit at the end of march that will cost me a bunch of money if he isn't covered... help..


Whats the most reliable and affordable pet insurance?
I have a cat and I dont want it to cost so much when I take her to the vet please help me


How can I get health insurance for myself and family and pay for it as business expense without employees?
I'm a successful part time entrepreneur in California, but I maintain my day job because of the group health insurance they offer. I'd like to cut the apron string and go out completely on my own, but the insurance situation holds these plans hostage. I don't want to buy private health insurance, I would like to structure my one man business so that I can easily purchase group health insurance for myself and family. I'd like to purchase group insurance as opposed to private insurance so that I don't have to deal with preexisting conditions and riders, etc. Since I'm still a sole proprietor, I have plenty of leeway in regards to business structure, and I'm willing to change whatever is necessary to get the best deal possible. How can I get health insurance for myself and family and pay for it as business expense without employees?"


What's the best type of life insurance to buy?
Is term better than cash value? or vice versa?


"I bought a car without title or registration,can't find registered owner.What do I do? I need it for my baby"
I bought it from a guy who fixes cars, and I was neive to not get title or lein of sale. Now I can't find the guy. I tried to ask DMV what to do and they said I have to find the last registered owner. They said it's registered under a wrecking company-it doesn't even exist. They don't want to give me anymore info. I need it for my baby boy to get around but I can't even drive it cause it has no plates. I was told I could Bond it thru an Insurance company, but they need a print-out of a the registration. I don't know if DMV will give it to me. I don't know what else to do. I've had the car for over a year trying to figure out what to do. Can someone give me any ideas????"


What's the difference between disability insurance and disability benefits?
What's the difference between disability insurance and disability benefits?


How would insurance be on these cars?
first of all plz dont tell me call insurance or that im to young and dont need these cars and should get a camry. i just turned 17 and just got a job at In n Out and by my senior year in highschool which is after this summer i want to get a car and my parents would help me but everytime i ask them they say dont talk about it untill you have 2500$-_- so i was just wondering how much is insurance on these cars i have in mind, first, nissan 350z(any year) honda s2000(any year) mazda miata(1998-2004) and last a scion tc (2004-2008) the car will be under MY MOMS name and i will be put as an additional driver but not main driver or however you put it. can i just have the price ranges it doesnt have to be exact, if it help i live in califronia Orange county anaheim thanks guys"


Student car insurance help. Anybody else in this situation?
I have recently passed my test and am picking up a car I have bought in two weeks' time. The car is only a little 1.0L Vauxhall Corsa 2002, paid 2000 for it. I've been looking on insurance websites - namely Compare The Market, and the cheapest quote I've found is 2436 (250 excess)! I am wondering if anyone can recommend an insurance company which will allow me to hold my own policy (not a named driver) for 2000 or less. Any suggestions?"


Life insurance on my daughter?
The grandfather is paying the premiuns. I dont trust him that much. he took me to the insurance agent to add me as a beneficiary but I guess he can go by himself and remove me of one. I dont agree with this life insurance issue. since my baby's mom died without life insurance he came up with this idea.


Who authored the Health insurance reform bill that Obama signed into law?
The Health Insurance reform bill that was signed into law today. Who were the authors of that bill? Who were the sponsors?


"My family makes 80,000 but can't afford health insurance. I have loans and all, what do I do?"
We are currently living in Pleasanton CA because I want my daughter to go to a good public school (cant afford private schools)We have no family here in California, its just the two of us with our 5 year old daughter.(my husband is an only child, both of his parents died) It is very expensive to live in Pleasanton, but we rather live someplace nice where the school system is good and we are also interracial couple. We have credit card loans,(25,000) and my husband has a student loan. My daughter is on a Kaiser individual plan which is 300 a month. We have a car payment of 312 a month and still have 6000 left to pay off. We have a low interest rate on the car loan like 4%. We tried consolidating our loans but it did not work. Now my job offers health insurance, but it is very costly, 280 a month which I can't afford, and we are not qualified for the covered California. Please anyone has any advise we would love to hear some feedback."


Taking your car on eurostar?
can anyone tell me where i can book a ticket for taking my car on the eurostar? do i have to take a specail trian or just the normal eurostar? do i need to get specail insurance? thanks


Car insurance Policys?
Hi there people i need help with this badly i had car insurance on my car for the last 6 months but sadly i had a crash in my car and is no longer drivable, i rang up my insurance company 2 change the policy and there tellin me that if i want 2 insure with them i need 2 get my self a 4 grand car does that seem right??"


How much will the auto insurance cost?
2010 Ford Focus Sedan, how much will the insurance cost?"


Home insurance settlement taxes?
I already know that I will owe no taxes on the home insurance settlement I received. But from my understanding, the bank alerts the IRS when I make a large deposit to my bank account. Therefore, the IRS knows I banked over $20k in one lump last year. How do THEY know it's an insurance settlement? I've searched the internet, and can't find an answer. I'm using TaxAct online for my taxes this year, and so far they haven't asked me anything pertaining to this. What am I missing here?