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New Member
posted May 31, 2019 6:59:48 PM

I am claiming my younger brother as an dependent and one of the questionaire was about his income. Last year, he was awarded over $16,000 in a legal lawsuit and won. Is that award money his income?

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New Member
May 31, 2019 6:59:49 PM

It depends on the nature of the lawsuit.  If it involved replacement of lost income, the proceeds would be subject to tax and therefore would be part of his gross income. If the lawsuit involved an award for injurious or punitive damages, then the award would not be subject to taxation.

Regardless of whether the award was part of gross income, it must be considered when determining who provided your brother's support for the year.  If it was gross income, he cannot be claimed as a dependent at all, as his gross income will exceed $4,050.

[Edited 1/18/17 11:50 am]

1 Replies
New Member
May 31, 2019 6:59:49 PM

It depends on the nature of the lawsuit.  If it involved replacement of lost income, the proceeds would be subject to tax and therefore would be part of his gross income. If the lawsuit involved an award for injurious or punitive damages, then the award would not be subject to taxation.

Regardless of whether the award was part of gross income, it must be considered when determining who provided your brother's support for the year.  If it was gross income, he cannot be claimed as a dependent at all, as his gross income will exceed $4,050.

[Edited 1/18/17 11:50 am]