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I was in an accident. The attorney sent me a 1099-Misc for the proceeds I received from my injuries as if it was income.Why are proceeds from an accident shown as income?
My question is clear. I was in an auto accident. I received a settlement for my injuries from a law firm. The law firm sent me a 1099-Misc as if this is income I need to declare. Do I have to pay taxes on a settlement from an auto accident?
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‎July 31, 2021
9:11 AM