PeteH Posted February 22 Report Share Posted February 22 Hi, How does one report an insurance payout as a result of damages on a rental property ? Normally there will be a deductible amount for the coverage, so does one simply deduct the deductible amount as "expense" and the remaining balance wouldn't need to be reported as there is really no more expense for the damage? Thanks, Quote Link to comment Share on other sites More sharing options...
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