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malmm
New Member

If a workers compensation settlement payment is received, is that lump sum settlement payment taxable?

 
1 Reply
DanielV01
Expert Alumni

If a workers compensation settlement payment is received, is that lump sum settlement payment taxable?

No it isn't.  Please notice this answer from TurboTax Pro MichaelMc, who provides the IRS publication that shows that this type of payment is not taxable (you may click on the embedded link to download the publication):  https://ttlc.intuit.com/replies/5653016

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