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Is income received for emotional distress taxable?

 
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KatrinaB
Intuit Alumni

Is income received for emotional distress taxable?

It depends. Please view the IRS page below for more information.

 https://www.irs.gov/pub/irs-pdf/p4345.pdf

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4 Replies

Is income received for emotional distress taxable?

What kind of document is the income reported on?
**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

Is income received for emotional distress taxable?

I received a 1099-MISC

Is income received for emotional distress taxable?

I received a 1099-MISC
KatrinaB
Intuit Alumni

Is income received for emotional distress taxable?

It depends. Please view the IRS page below for more information.

 https://www.irs.gov/pub/irs-pdf/p4345.pdf

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