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JimLieb
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  • I checked the 1099-MISC again. Payer is the law firm, recipient is me. This is just like the 1099-INT I got from my bank. I assume that GM sent one to the law f...
    JimLieb
    Updated Mar 11, 2024
  • What is the amount to put in the box? As I said before, this is a $15K settlement of which $10K goes to the law firm and $5K goes to us. In that the $15K was th...
    JimLieb
    2
    Updated Mar 11, 2024
  • Re: Did you get the answer you needed?No I did not. Making the law firm change and use "something else" not 1099-MISC is a non-starter. First off, what they did...
    JimLieb
    4
    Updated Mar 11, 2024
  • I don't have the option to have the law firm "do something else". GM sends them a 1099-MISC for the settlement and the firm essentially "forwards" it to me. The...
    JimLieb
    5
    Updated Mar 11, 2024
  • Given that the purchase price was $27K, I put $0 in the "Taxable Attorney's Fees" box. When I did the federal review it wants a Sched C. When I click the spot, ...
    JimLieb
    Updated Mar 11, 2024
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