barussel22
Returning Member

Deductions & credits

This was related to the Dam Failures in Michigan that caused historic flooding. Lawsuit against Dam owner. The trust was created to liquidate Boyce Hydro (dam owner). The income was far less than the expenses which were the legal fees for the class action lawsuit. I received no money. So I don't understand why i have to claim the $144 "Other Income" when the expense was -$546. I am pretty sure this was all done so the Lawyers could get paid for part of their fees.