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April 14, 2025
Question

How do I report iincome from 3 settlement checks from class action legal proceedings?

  • April 14, 2025
  • 2 replies
  • 0 views
i did not receive 1099 for any of these. The maximum check was 496.14. Where do I report this income?

    2 replies

    April 14, 2025

    Schedule 1 Additional Income and Adjustments to Income, Part 1 line Z "Other income" is where you may list your combined income from all "Class action law suits."  It always works for me.

    April 14, 2025

    Legal settlements may or may not be taxable income to you.

     

    Review IRS Publication 4345 for direction.

     

    @ebondfrancisco 

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