Hello. I received a personal injury settlement from a lawsuit , I spoke with my lawyers and they do not have a 1099 to give me. Is this money taxable ? Do I include on my returns even tho I don’t

posted

Depending on the nature of this payment, it may be taxable. This IRS Publication 4345 on Settlements Taxability has the specifics on what portion of a lawsuit s.... Use it as a guide to ask your lawyers what the money paid to you was for.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Unlock tailored help options in your account.