As others have said - it depends on the terms of the settlement. Nobody here can see the court documents to determine if it is taxable or not. Talk to your attorney or consult a tax attorney who can look at your documents and court records and give you an accurate answer. Strangers on the internet can only guess.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
