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From what I read, this is a settlement for money that was stolen from you (excess fees deducted from your account without permission). In that case it is not taxable, since it is reimbursing you for actual damages.
Amount in excess of your actual damages would be taxable "other income".
From what I read, this is a settlement for money that was stolen from you (excess fees deducted from your account without permission). In that case it is not taxable, since it is reimbursing you for actual damages.
Amount in excess of your actual damages would be taxable "other income".
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