I received settlement payments from a lemon law lawsuit. The settlement paid me and my attorney $15000 in total. I received $5000 . However I received the 1099-misc form with box 10 saying $15000. How to correctly prepare tax return?
The suit was about a leased car. For which I paid about $5500 upfront for leasing for 3 years. No monthly payment was required during the lease period.
After ~ 2years use I filed law suit and returned the car to dealer (early termination)
