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Get your taxes done using TurboTax
Hi Paul 9233,
I am Paul as well. I am sorry about your injury. Hopefully you are ok. Most settlements generally are not taxable. The possibility might come in if you are awarded other damages. I am not a legal expert so I cannot even go there. What you might inquire from the attorneys is if they know you would get any 1099-Misc. That is the most common types of other damages or awards. Based upon solely what you have presented, I do not see any taxable event from your post. Wishing you a very good holiday season.
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‎November 16, 2022
12:56 PM
736 Views