When a person receives an auto insurance settlement payment is the insurance company sending any notice of that payment to the IRS?

1 answer

Answer

1055700

2026-03-27 11:00

+ Follow

Payments of this kind are not taxable at all. This is considered as compensation for a loss of some kind be it injury or property.

ReportLike(0ShareFavorite

Copyright © 2026 eLLeNow.com All Rights Reserved.