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Restitution Payment
I received a restitution payment based on a court order from the State of California Victims of Corporate Fraud Compensation Fund. The payment was based on a criminal restitution order. Is this money taxable by the IRS or by the State of California? I have received no 1099G or any other documents indicating that the money is taxable. If it is taxable, how do I show it on my tax forms?
‎February 23, 2022
2:50 PM