Money uses Income and Expense in the accounting sense of the terms and not
necessarily in the IRS sense of the term Income. This insurance payment is
surely accounting Income.

I have a category in Other Income : Insurance Proceeds set to not show up on
any of the tax stuff.

"Michael" wrote:

- quote -

In microsoft.public.money, Michael wrote:

- quote -


I suggest a new non-taxable income category named Insurance Proceeds
as a simple way.

There are other ways you could do it, but you would want to have a
reason to do something more complex.


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How does one categorize Insurance payments due to damage from a Hurricane? I
do not think it is real income but I am not sure if I should use the NOT an
Expense category either??

Microsoft Money Plus Deluxe
Version 17.0.120.1415