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steve35146
February 18, 2025
Question

are proceeds from a class action suit taxable?

  • February 18, 2025
  • 1 reply
  • 0 views
are proceeds from a class action suit taxable when a form 1099 is not provided?

    1 reply

    T
    ThomasM125
    February 18, 2025

    Yes, if the settlement would have been taxable if a Form 1099 had been issued, it will be taxable if the form was not issued. You can review this information from the IRS to determine if the type of settlement you received it taxable.

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