I received a check due to a lawsuit filed against my former employer. Where do I submit this information?
I received a check for a Gross Settlement amount of $2,510.03. Wages were$1,226.17, 1099 MISC were $1,2510.03. Total deductions were $503.34 and Net Wages were $722.83. Were do I submit this information?
posted
April 8, 20253:40 PM
last updated
April 08, 20253:40 PM
Connect with an expert
x
Do you have an Intuit account?
You'll need to sign in or create an account to connect with an expert.
I received a check due to a lawsuit filed against my former employer. Where do I submit this information?
Non-injury settlements are considered other taxable income. You should receive a Form 1099 if your settlement is taxable. You will be taxed on the income based on the tax bracket that you fall in and the federal income tax rates.