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Get your taxes done using TurboTax
Thank you!
the amount of the settlement is way below the value of the car (like 25% the value of the car).
i just found out that the lawyer will report to the IRS the gross amount received from the manufacturer and that I received 2/3 with the remains 1/3 going to their firm as a fee.
Would this change anything and would I have to report any of this like lawyer fees on the taxes?
March 13, 2024
7:40 AM