DanaB27
Expert Alumni

Get your taxes done using TurboTax

If you did not receive a form then follow these steps to enter your lawsuit settlement:

  1. Login to your TurboTax Account 
  2. Click on "Search" on the top right and type “lawsuit settlement”
  3. Click on “Jump to lawsuit settlement”
  4. Answer "Yes" to the question "Any Other Taxable Income?"
  5. Enter a brief description and the amount

 

 

If you have any interest earned on a lawsuit settlement this is also taxable income and should be entered as a Form 1099-INT (search for 1099-INT).

 

Please see Are legal settlements taxable? for additional information.

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