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