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They estimate that during the five week period they would

As a result of a fire damaging their residence, the Taylors must stay in a motel for three weeks while their home is being restored. They pay $2000 for the room and $500 for meals. Their homeowners policy pays $2500 reimburse them for the cost. They estimate that during the five week period they would normally spend $300 for meals. Is the reimbursement taxable?

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Accounting Basics: They estimate that during the five week period they would

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