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Get your taxes done using TurboTax
The bank that lost the class action lawsuit issued the 1099-MISC. The attorneys received the lion share of the $300,000 and my portion was only $10,000! Why would I be liable to pay taxes on attorney fees? If that's the case, I would owe more money in taxes than my measly $10,000 portion!
‎February 7, 2025
2:46 PM