I received a Settlement payment as a Judgement Class Member in a class action lawsuit Rodman v. Safeway, Inc. for $804. Do I need to report it as income on my tax return?

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I received a Settlement payment as a Judgement Class Member in a class action lawsuit Rodman v. Safeway, Inc. for $804. Do I need to report it as income on my tax return?

It depends. Generally not taxable unless you previously deducted the loss.

If it is a reimbursement then you already paid tax on the money and you are just getting some of it back. Punitive damages that are in excess of any loss are taxable income.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

I received a Settlement payment as a Judgement Class Member in a class action lawsuit Rodman v. Safeway, Inc. for $804. Do I need to report it as income on my tax return?

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I received a Settlement payment as a Judgement Class Member in a class action lawsuit Rodman v. Safeway, Inc. for $804. Do I need to report it as income on my tax return?

I received a Settlement payment as a Judgement Class Member in a class action lawsuit Rodman v. Safeway, Inc. for $804. Do I need to report it as income on my tax return?

I received a Settlement payment as a Judgement Class Member in a class action lawsuit Rodman v. Safeway, Inc. for $804. Do I need to report it as income on my tax return?

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I received a Settlement payment as a Judgement Class Member in a class action lawsuit Rodman v. Safeway, Inc. for $804. Do I need to report it as income on my tax return?

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I received a Settlement payment as a Judgement Class Member in a class action lawsuit Rodman v. Safeway, Inc. for $804. Do I need to report it as income on my tax return?

I received a Settlement payment as a Judgement Class Member in a class action lawsuit Rodman v. Safeway, Inc. for $804. Do I need to report it as income on my tax return?

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