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kennethyip
Returning Member

1099 MISC amount payor settlement

I have a lawsuit settlement as a defendant and I paid 50% of the award and my insurance company paid 50% of the award to the plaintiff.  In my 1099 MISC to the plaintiff, what is the amount I should put down?  100%or 50%? The settlement does not breakdown the percentage awarded in each charge.  thank you.

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1 Reply
AmyC
Expert Alumni

1099 MISC amount payor settlement

The amount you paid. The insurance company should also be sending one.

See Instructions for Forms 1099-MISC and 1099-NEC, Miscellaneous Income and Nonemployee Compensation 

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