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Get your taxes done using TurboTax
@Bsch4477 wrote:
Payments from the Philips CPAP recall settlement are considered reimbursement and are not taxable. The settlement is for economic loss and is intended to reimburse users for the purchase of defective CPAP machines
You neglected to consider the effect of insurance coverage. Many CPAP users will have had partial or full insurance coverage for their machines.
‎September 16, 2024
1:15 PM