Here's a helpful link that gives you step-by-step instructions on how to enter a 1099-MISC in TurboTax; Where do I enter a 1099-MISC?
Additionally, here's another link that talks about tax implications on settlements; Tax implications of settlements and judgments. If you received a 1099-Misc for a settlement, it's likely that the pay-out is considered taxable, but it's always good to double-check in case the issuer of the 1099 made a mistake.