RobertB4444
Expert Alumni

Get your taxes done using TurboTax

Since this settlement is replacing a loss that you already took on your taxes in 2018 then the income should be the same as the deduction that you took.  So a capital loss in 2018 should be a capital gain in 2024.  Sale date of the date that you received the settlement, sale price of the amount received, basis of zero.

 

@ivohofstad1 

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