Got a $5,000 settlement for a lemon law case in California. I remember I paid $15,000 for the car and a few years later it broke down. Had to do repairs and to top it off I had to sell it to the dealer to get rid of it so I could get a new one after all that about 6 months later I got a settlement for $5,000.
Do I still have to declare it? Never got a 1099-MISC or anything like that so I dont know what to do.
Edit: I sold my car to the dealer but I also gave the dealer an additional $2k so they could take my car since they knew about the cvt problem.
