https://ttlc.intuit.com/community/taxes/discussion/if-i-accept-a-settlement-in-the-year-of-2017-will-that-hurt-me-when-i-do-my-taxes-next-year/01/661294#M266925 Thu, 06 Jun 2019 09:35:24 GMT ALLI69 2019-06-06T09:35:24Z https://ttlc.intuit.com/community/taxes/discussion/if-i-accept-a-settlement-in-the-year-of-2017-will-that-hurt-me-when-i-do-my-taxes-next-year/01/661294#M266925 Thu, 06 Jun 2019 09:35:24 GMT https://ttlc.intuit.com/community/taxes/discussion/if-i-accept-a-settlement-in-the-year-of-2017-will-that-hurt-me-when-i-do-my-taxes-next-year/01/661294#M266925 ALLI69 2019-06-06T09:35:24Z https://ttlc.intuit.com/community/taxes/discussion/legal-settlements-are-often-taxable-and-yours-may-be-to/01/661300#M266931 <P>Legal settlements are often taxable, and yours may be, too, depending on the type of settlement. See the first FAQ below for more information.</P><P>If your legal settlement will be taxable and you have an idea of how much it&nbsp;will be, TurboTax can help you figure out how much estimated tax you should pay in 2017. This might be preferable to waiting and paying the tax when you file your 2017 tax return next year. Please see the second FAQ below for instructions on calculating your 2017 estimated taxes.</P><B> <I>Are legal settlements taxable?</I> </B>&nbsp;<A href="https://ttlc.intuit.com/replies/4787698" target="_blank">https://ttlc.intuit.com/replies/4787698</A><DIV> <B><I>Can TurboTax calculate next year's federal estimated taxes?</I></B>&nbsp;<A href="https://ttlc.intuit.com/replies/4242911" target="_blank">https://ttlc.intuit.com/replies/4242911</A> </DIV> Thu, 06 Jun 2019 09:35:26 GMT https://ttlc.intuit.com/community/taxes/discussion/legal-settlements-are-often-taxable-and-yours-may-be-to/01/661300#M266931 LindaA 2019-06-06T09:35:26Z