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New Member
posted Apr 13, 2025 10:07:01 PM

How do I report iincome from 3 settlement checks from class action legal proceedings?

i did not receive 1099 for any of these. The maximum check was 496.14. Where do I report this income?

0 2 394
2 Replies
New Member
Apr 13, 2025 10:30:41 PM

Schedule 1 Additional Income and Adjustments to Income, Part 1 line Z "Other income" is where you may list your combined income from all "Class action law suits."  It always works for me.

Expert Alumni
Apr 14, 2025 10:16:17 AM

Legal settlements may or may not be taxable income to you.

 

Review IRS Publication 4345 for direction.

 

@ebondfrancisco