larryc519
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Thanks,Mike9241. I did not take atax deduction for the loss (I took the standard deduction), so based on this it appears the settlement is tax-free and I don't ...
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Thanks,TomK2023,for providing an alternate way to report this income. The question remains as to whether the income is actually taxable (see below).Larry
Activity Feed for larryc519
- Cheered Re: Class Action Suit Settlement and 1099-MISC for TomK2023. February 6, 2023 6:27 PM
- Cheered Re: Class Action Suit Settlement and 1099-MISC for Mike9241. February 6, 2023 6:27 PM
- Posted Re: Class Action Suit Settlement and 1099-MISC on Get your taxes done using TurboTax. February 6, 2023 9:44 AM
- Posted Re: Class Action Suit Settlement and 1099-MISC on Get your taxes done using TurboTax. February 6, 2023 9:40 AM
- Posted Class Action Suit Settlement and 1099-MISC on Get your taxes done using TurboTax. February 6, 2023 8:31 AM
- Cheered Legal settlements are reported as "Other Taxable Income."... for IreneS. November 21, 2022 1:05 PM
- Cheered Re: I am a retired private citizen and an amateur photographer. A regional magazine has published... for MinhT1. February 7, 2020 2:04 AM
- Posted I am a retired private citizen and an amateur photographer. A regional magazine has published one of my photographs and paid me $50.00. How do I enter this in TurboTax? on Retirement tax questions. February 4, 2020 1:08 PM