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February 6, 2023
Question

1099 MISC amount payor settlement

  • February 6, 2023
  • 1 reply
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I have a lawsuit settlement as a defendant and I paid 50% of the award and my insurance company paid 50% of the award to the plaintiff.  In my 1099 MISC to the plaintiff, what is the amount I should put down?  100%or 50%? The settlement does not breakdown the percentage awarded in each charge.  thank you.

    1 reply

    AmyC
    Employee
    February 6, 2023

    The amount you paid. The insurance company should also be sending one.

    See Instructions for Forms 1099-MISC and 1099-NEC, Miscellaneous Income and Nonemployee Compensation 

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