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sang1961
New Member

My wife received a court settlement from a car accident. How do i Claim it as income?

 
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2 Replies
Gordo300
New Member

My wife received a court settlement from a car accident. How do i Claim it as income?

Recovery for pain and suffering in not income

 

ColeenD3
Expert Alumni

My wife received a court settlement from a car accident. How do i Claim it as income?

What specifically was the settlement for? Did you get a 1099-MISC? If it is taxable, include it as other income. How you do that depends on how the income was reported to you. For information about how different settlements are treated, see this LINK.

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