Insurance Payment tax help needed.

[Nathan Lamb]

Hello, good people.

My name's Nathan and i'm new here.

I was sent on a task from my father to find some tax answers.

Basically, my mom and her family own some land out in Lubbock, Texas. It is insured, and since this year was crappy, our family somehow got roughly 13k out of the deal from insurance.

My dad spent around 10k, and has roughly 3600 left that he saved to pay taxes.

He wants me to find out the way to pay the lowest amount of taxes on this money.

He asked about investing 2k in an IRA, and if that would help.

Any opinions on how we can pay the least amount of tax on the 13k?

Thanks,
Nathan