Double Down Settle

5 replies
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I am wondering if anyone else received the DoubleDown class action settlement. I has now been three months since I filed my taxes and I haven't received me refund. I never received any kind of form to file with my taxes so therefore did not claim the income.

Bsch4477

Level 15

That class action income is not taxed.

debbiecplyAuthor

Level 2

Thanks I hope you are right. I just don't know why the irs is holding my return. It has been 3 months since I filed. Have you heard of others who received money from the double down settlement?

Bsch4477

Level 15

One other poster mentioned that they received no form from the settlement, probably because it is not taxable.

Opus 17

Level 15

Regardless of when the case settles, any settlement is not taxable income to you until the date you are actually paid.

For this specific settlement, because this is a reimbursement of costs you paid to purchase a "product" (in this case, gaming credits), the settlement would only be taxable if you previously deducted your purchases as a gambling or business expense, or if the settlement was for more than you originally paid.