Re: Hello. I received a personal injury settlement from a lawsuit , I spoke with my lawyers and t...

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"

My name is on a Coinbase account as nominee for a partnership's crypto sale. The partnership receives all funds from crypto sales to its bank account, filed its 1065 & issued a K-1 to partners, including myself. How do I report on my personal return?

in Business & farm

Expert does your taxes

Do it yourself

Resources

Support

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

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

Unlock tailored help options in your account.

Get more help

Do you have a TurboTax Online account?

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

Do you have an Intuit account?

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

Unlock tailored help options in your account.

Get more help

Related Content

Thank you for helping us improve the TurboTax Community!

Sign in to Turbotax

File your taxes, your way

Access additional help, including our tax experts

Post your question

Connect with an expert