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nikklausmeier
New Member

I have an annuity payout from a legal settlement for personal injury. I didn't receive a 1099. How do I report this as income? Is it taxable?

 
1 Reply
DDollar
Level 7

I have an annuity payout from a legal settlement for personal injury. I didn't receive a 1099. How do I report this as income? Is it taxable?

If the settlement was for personal injury or pain and suffering, then it is not taxable.  You will not receive a 1099 and you do not need to report it.

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