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Did not receive 1099 from settlement, only a W2
I received a settlement for a LTD ERISA case using an attorney who was paid a contingency fee from the award. Two separate checks were issued, one to me, and one to my attorney (covering his contingency fee). I received a W2 for my portion, but did not receive a 1099 documenting the portion my attorney received. My understanding is I am required to report the entire amount of the settlement as gross income, including the portion my attorney received, but I can use the "above the line" option to deduct my attorney's portion from taxable income. I thought they were required by law to provide a 1099 to both me and my attorney for tax purposes, how do I complete my taxes if they don't provide a 1099 to me?
‎February 1, 2023
4:05 PM