- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
It may have been reported as payments to an attorney since that may be how the insurance company normally pays the settlements. It seems to have been reported in error.
If you are being compensated for personal physical injury, then the award is not taxable. If the award is for mental duress or punitive damages and not for personal injury, then it is most likely taxable. You can learn more here: Taxability of Lawsuit Judgements
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
‎February 13, 2023
4:28 PM