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June 5, 2019
Solved

Settlement money

  • June 5, 2019
  • 1 reply
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I got settlement money of 25000 dollars. I walked away after fees with about 13000. How do I claim that
Best answer by PopeyeTheSalior

If your legal settlement is related to physical injury, it is not taxable to you.  You do not need to report. 

If it is not related to physical injury, enter the net amount based on the following instructions:

https://ttlc.intuit.com/replies/3302162

1 reply

PopeyeTheSalior
Employee
June 5, 2019

If your legal settlement is related to physical injury, it is not taxable to you.  You do not need to report. 

If it is not related to physical injury, enter the net amount based on the following instructions:

https://ttlc.intuit.com/replies/3302162