I received a settlement check and the letter reads The Settlement Fund is a "Qualified Settlement Fund" as defined in Treas Reg Section 1.468B1 through 5. The claims upon which the litigation was based involved allegations of violations of antitrust laws.
1) Am I supposed to receive some form of 1099 for such settlements?
2) How is the taxation for such income treated? Where do I enter them in turbo tax?
Thanks in advance for your help with my questions.
