If they file 1099, then you should deduct it

本文内容已被 [ lexm5 ] 在 2014-11-10 07:49:34 编辑过。如有问题,请报告版主或论坛管理删除.

http://www.irs.gov/taxtopics/tc515.html

and your total tax liability would be 0 on this transaction.

I had insurance claim before, don't remember received 1099.  If you don't recieve 1099, then you have nothing to report it on your tax.

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