I believe I got a 1099 C form from a settlement from a class action lawsuit from a previous job and was wondering if this means I got the check from back wages. On the form it says..
"The parties agree that 25% of individual settlement amounts are for alleged unpaid wages, and subject payroll taxes to be reported on an IRS Form W-2; 75% shall be allocated as penalties and interest and will be reported on IRS Form 1099."
Does this mean it was a settlement for back wages? Turbo tax also asks me to enter the amount that was for back wages but I don't know where to find it.
