topic Re: Double Down Settle in Get your taxes done using TurboTax

Double Down Settle

debbiecply — Wed, 11 Feb 2026 09:50:03 GMT

I am wondering if anyone else received the DoubleDown class action settlement. I has now been three months since I filed my taxes and I haven't received me refund. I never received any kind of form to file with my taxes so therefore did not claim the income.

Re: Double Down Settle

Bsch4477 — Thu, 02 May 2024 15:21:10 GMT

That class action income is not taxed.

Re: Double Down Settle

Opus 17 — Thu, 02 May 2024 15:27:48 GMT

Regardless of when the case settles, any settlement is not taxable income to you until the date you are actually paid.

For this specific settlement, because this is a reimbursement of costs you paid to purchase a "product" (in this case, gaming credits), the settlement would only be taxable if you previously deducted your purchases as a gambling or business expense, or if the settlement was for more than you originally paid.

Re: Double Down Settle

debbiecply — Thu, 02 May 2024 20:56:29 GMT

Thanks I hope you are right. I just don't know why the irs is holding my return. It has been 3 months since I filed. Have you heard of others who received money from the double down settlement?

Re: Double Down Settle

Bsch4477 — Thu, 02 May 2024 21:39:59 GMT

One other poster mentioned that they received no form from the settlement, probably because it is not taxable.

Re: Double Down Settle

Opus 17 — Thu, 02 May 2024 22:20:13 GMT

@debbiecply wrote:

Thanks I hope you are right. I just don't know why the irs is holding my return. It has been 3 months since I filed. Have you heard of others who received money from the double down settlement?

Sometimes, your IRS transcript will have a code on it indicating the reason for a hold.

https://www.irs.gov/individuals/get-transcript

I assume you have already checked "where's my refund" and verified that the IRS has your return in process and has not paid a refund yet?

https://www.irs.gov/wheres-my-refund