Thanks for the quick reply.
As I said the lawsuit is sort of a class action thing. There were something like 100,000 folks who signed aboard. Bayer decided to settle instead of having to go to court. I don't know if getting cancer constitutes a physical injury. I've made no deductions for medical treatment related to my cancer. My gut feeling is that the settlement was more punitive as Bayer admits no responsibility for Roundup causing cancer. Would you agree it's probably punitive therefore I would have to pay tax?
If I do get a 1099-Misc will that have all the info I need to file my taxes correctly if they only include what I actually received from the settlement? My wife used to work as a manager of accounts payable at a large company and when she had to cut a settlement check and issue a 1099-MISC it was only for amount actually received. I suppose this would be the best thing to happen as you stated.
