>> Are insurance proceeds income? If not, how do you characterize an insurance 
>> payout when they send you a check?
>>
...

> I have always considered it "income" but I know of others who think it
> is a "return of premiums paid".? Certainly it is also an offset against
> a "loss".
>
Thanks. I'll ask him at tax time but until then I'll carry it as "Other Income."
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