feponton
New Member

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.