- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
This confirms my suspicion.
You were a creditor in bankruptcy. The bankruptcy estate was found to owe you a debt.
You received a check for that debt; receiving the payment of a debt is not income.
My understanding of your fact pattern is you already recognized this income in 2019 when you filed the tax return.
The check you received from the bankruptcy appears to be irrelevant to your 2022 tax return.
‎September 27, 2023
5:18 PM