Lawsuit settlement do I repot amount received less attorney feesd

[geegee1256]

received class action lawsuit settlement and trying to determine what amount to report total amount of settlement or amount received net of legal fees

[bwa]

Class action lawsuit for what?  (It matters.)

[LinaJ2018]

No, you will report the gross amount of your settlement income and deduct the legal fees on Schedule A. 

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

Please also see this :

https://ttlc.intuit.com/questions/3606167-how-do-i-enter-a-settlement-from-a-class-action-lawsuit

To deduct legal fees in the TurboTax Home & Business CD/desktop program, here are the steps:

1.  At the right upper corner, in the search box , type in legal expenses, deduction , select Find or Enter 

2.  Select the 1st choice on the search results - Jump to legal expenses, deduction 

3.  On screen, Did you pay legal fees in 2016 ? , follow prompts to enter information