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shazen27
New Member

I got a check for a settlement in Dorado v. Bank of America. How/where do I report this as income?

 
1 Reply
ddaven12
New Member

I got a check for a settlement in Dorado v. Bank of America. How/where do I report this as income?

The information that I see about this case is that the settlement was for punitive damages due to BOA's breached promissory notes underlying certain FHA-insured home loans in violation of Federal Housing Administration regulations.

Punitive damages are taxable income, Please see the FAQ below to enter the form

https://ttlc.intuit.com/replies/3302162

Here's more information on taxable legal settlements:

https://ttlc.intuit.com/replies/4787698

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