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Are awards from class action suits taxable?
Hi TurboTax community, I recently received a small award from Apple due to a class action about a MacBook keyboard litigation settlement.
1. Are the awards from this class action suit taxable?
2. If the awards are taxable would this be under the category in TurboTax "Wages & Income" > "Less Common Income" > "Show more" > "Miscellaneous Income, 1099-A, 1099-C" > "Other reportable income"?
Much appreciated!
‎September 30, 2024
9:51 PM