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I recd an out of court settlement on my LTD claim. Is it taxable? Can I deduct lawyers fee? Per Aetna and my lawyer, I will not be rec a 1099 or W2.
Per settlement papers, I am responsible for any and all taxes. There is no 1099 nor W2 and none coming. I was awarded STD and was non taxable, but when it expired, I was denied LTD. that's when the lawyer got involved. The total was $8k, which the lawyer recd $3k leaving me rec $5k.
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‎June 6, 2019
4:26 AM