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Get your taxes done using TurboTax
Here are a couple more relevant facts. The amount reported on the 1099-MISC represents a recovery of funds lost in a fraudulent investment within an IRA. The award is a return of capital. No portion of the award includes interest or punitive damages. The law firm was paid on a contingency fee basis. None of the fees were paid out of pocket.
‎February 19, 2025
10:46 PM