Hi There,
Team who is responsible for paying the settlement confirm with me: "The settlement should be considered to be a partial collection of the class member's interest in the original property."
Does this clarify the settlement is taxable or non-taxable?
And what should I confirm with previous CPA regarding 2018 tax return $5000 loss?
According to the team who is responsible for paying the settlement, this is not W2 income, nor 1099 income, where should I input this income if taxable? I am asking because I saw the way you mentioned is to report W2 income in Turbotax.
Thank you very much.
