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February 6, 2020
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Class Action Settlement - Hale V State Farm

  • February 6, 2020
  • 2 replies
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I received a settlement check for the Class Action Suit known as Hale v State Farm.

 

I did not receive a 1099-MISC -- the administrator of the class action said no 1099 forms would be issued. I found another post that said to pretend you have a 1099-MISC and enter the info and the amount would fall into other income and be counted. But the TurboTax software requires an EIN for the 1099-MISC entry and I don't have one and I don't know how to find one. Any thoughts on how I get by this or if I should be treating this money differently.

 

Thanks.

Cindy

    Best answer by MarilynG

    No, you don't have to enter a 'pretend 1099-Misc' to report this income as 'Other Income'.

     

    Under Wages & Income, scroll down to 'Less Common Income', then 'Miscellaneous Income', then 'Other Reportable Income'.

     

    You can type in your own description.

     

     

    2 replies

    MarilynG
    MarilynGAnswer
    Alumni - Intuit
    February 6, 2020

    No, you don't have to enter a 'pretend 1099-Misc' to report this income as 'Other Income'.

     

    Under Wages & Income, scroll down to 'Less Common Income', then 'Miscellaneous Income', then 'Other Reportable Income'.

     

    You can type in your own description.

     

     

    **Say "Thanks" by clicking the thumb icon in a post. **Mark the post that answers your question by clicking on "Mark as Best Answer"
    February 6, 2020

    I would take the position that since no 1099's were issued even if the award was over $600, it is not taxable.

    here's some info

    Awards are being provided to Class Members who were insured by State Farm and had non-OEM crash parts installed on or specified for their vehicles (or received compensation based on the value of those parts) between July 28, 1987, and February 24, 1998.

    https://halevstatefarmclassaction.com/