I've never had to pay taxes on settlement checks from an insurance company.
Had two between my wife and I and dealt with a few with my business.
Jeff Durling
'01 4x2 QC SLT+ 4.7
----- Original Message -----
From: "b" <flipper4258@yahoo.com>
To: <dakota-truck@dakota-truck.net>
Sent: Thursday, August 01, 2002 9:01 PM
Subject: DML: Totaled
>
> Got in a wreck last Thursday in the Dakota. Dumb *itch
> cut in front of me at a yellow light and was ticketed
> for her stupidity. Today, my insurance company decided
> my '98 4x4 CC is worth $15,800. Since I paid $13k six
> months ago, I'm not going to argue their payoff.
>
> Questions:
> They insisted on knowing the price I paid. I feel the
> fact that I got a decent deal should not sway my
> settlement an iota.
>
> I would imagine the $2800 is taxable, but so help me
> God, if the entire 15.8k is taxable I'm going to be
> pissed.
>
> Thanks in advance.
>
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