http://midpal.com/do-i-claim-livestock-life-insurance-payment-as-income-on-taxes.html Payment Calculator for car, mortgage, auto, loan, etc Tue, 24 Apr 2012 17:21:29 +0000 hourly 1 http://wordpress.org/?v=3.2.1 http://midpal.com/do-i-claim-livestock-life-insurance-payment-as-income-on-taxes.html/comment-page-1#comment-899 StephenWeinstein Mon, 26 Jul 2010 11:23:05 +0000 http://midpal.com/do-i-claim-livestock-life-insurance-payment-as-income-on-taxes.html#comment-899 A cow is property, not a human. You do not pay tax on insurance payments for loss, theft, or destruction of property, up to the value of the property. However, these payments do reduce the amount that you can deduct for the same loss. If the insurance pays more than the value (financial value, not emotional value) of the property, then you are theoretically supposed to pay tax on the excess. A cow is property, not a human. You do not compensate taxation upon word payments for loss, theft, or drop of property, up to a worth of a property. However, these payments do revoke a volume which we can concede for a same loss. If a word pays some-more than a worth (financial value, not romantic value) of a property, afterwards we have been theoretically ostensible to compensate taxation upon a excess.

]]> http://midpal.com/do-i-claim-livestock-life-insurance-payment-as-income-on-taxes.html/comment-page-1#comment-898 uva guy Mon, 26 Jul 2010 11:23:05 +0000 http://midpal.com/do-i-claim-livestock-life-insurance-payment-as-income-on-taxes.html#comment-898 Most insurance benefits are not taxable. If the policy is simply for 'replacement value' the answer would likely be no. Most word benefits have been not taxable. If a process is simply for ‘replacement value’ a answer would expected be no.

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