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You recently received proceeds from an business insurance damage claim Are these proceeds taxable?

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You recently received proceeds from an business insurance damage claim Are these proceeds taxable?
To get to the route of what your asking: The amount of the LOSS that is deductible is the unrecovered loss. Hence if you have claimed the entire loss as a deduction the amount of insurance you get is income - because essentially, you overdeducted the loss. If you have made no loss deduction claim, then u=insurance is NOT taxable as it is onlyr returning you to the position you were in before the loss.
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What is the noun of proceed?

What is the noun of proceed?

The noun forms of the verb to proceed are proceeds (a  plural, uncountable noun), procedure, and the gerund,  proceeding.

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In Grammar

What is the singular of proceeds?

The noun 'proceeds' is a plural, uncountable  (mass) noun; a type of aggregate noun, a word an indefinite number  of elements or parts.   The noun 'proceeds' is a word f