https://ttlc.intuit.com/community/taxes/discussion/received-a-lawsuit-payment/01/3349618#M1238516 <P>I just recived a payment for about 5k. Will I need to report that next year?</P> Wed, 11 Feb 2026 07:10:54 GMT BigRuss 2026-02-11T07:10:54Z https://ttlc.intuit.com/community/taxes/discussion/received-a-lawsuit-payment/01/3349618#M1238516 <P>I just recived a payment for about 5k. Will I need to report that next year?</P> Wed, 11 Feb 2026 07:10:54 GMT https://ttlc.intuit.com/community/taxes/discussion/received-a-lawsuit-payment/01/3349618#M1238516 BigRuss 2026-02-11T07:10:54Z https://ttlc.intuit.com/community/taxes/discussion/re-received-a-lawsuit-payment/01/3349940#M1238517 <P><SPAN style="font-size:14px;">It depends on the type of settlement you received. Lawsuits for physical injury or sickness are generally non-taxable. But punitive damages and awards for employment discrimination are taxable. See this article for more info: </SPAN><A href="https://ttlc.intuit.com/turbotax-support/en-us/help-article/legal-issues/legal-settlements-taxable/L3nHlAmXd_US_en_US?uid=ldx7wmcc" target="_blank"><SPAN style="font-size:14px;">Are legal settlements taxable?</SPAN></A></P> Wed, 24 Apr 2024 18:39:37 GMT https://ttlc.intuit.com/community/taxes/discussion/re-received-a-lawsuit-payment/01/3349940#M1238517 PatriciaV 2024-04-24T18:39:37Z