State compensation insurance fund payout/settlemen...
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leeac
New Member

State compensation insurance fund payout/settlement

I've received a settlement/payout from the state compensation insurance fund in California, where would I put that?

3 Replies
gloriah5200
Expert Alumni

State compensation insurance fund payout/settlement

It would be entered onto your return depending on the exact type of tax reporting document received.

 

If reported on Form w-2, then enter it as a W-2.

 

If reported on Form 1099-R, then report it as a 1099-R, etc.

leeac
New Member

State compensation insurance fund payout/settlement

Thanks, what if we've received none of those, just an explanation of benefits in the stub above the check?

gloriah5200
Expert Alumni

State compensation insurance fund payout/settlement

I recommend you contact them.  It could be that it may not be taxable to you on your return if you did not get a tax reporting document.

 

They are the best ones to ask at this time to find out taxability.

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