ErnieS0
Expert Alumni

Get your taxes done using TurboTax

It depends on what the insurance company paid out. As Tax Expert Alumni @AlanT222 said, “The hard part is being able to separate your settlement into different award amounts.  Most settlements are a lump sum amount that includes pain and suffering, medical expenses, and lost wages.”

 

Do you have some type of breakout? Perhaps a letter from your insurance company? The attorney who handled your case may be able to help. There should be a court order and/or settlement agreement. Part of the money may be for attorney’s fees.

 

We’d have to know more to answer your question.

@quesie63 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"