CF3SO3H‐catalyzed reaction of 5‐alkyl‐(R)‐substituted diphenylhomobenzoquinone epoxides (R = Me, iPr, tBu) provided indenoquinones, a cyclopenta[b]chromene‐2‐carbaldehyde, and furan‐3(2H)‐ones through novel cationic domino rearrangements depending on the R substituents. The mechanisms of these reactions were described by a combination of various key steps involving (i) transannular cyclization of the endo‐phenyl group, (ii) epoxide and cyclopropane ring opening, (iii) ring contraction of the original quinone frame, (iv) dehydration and intramolecular SE2/SN2‐Ar cyclization, as well as (v) possible pseudopericyclic cheletropic decarbonylation.