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October 2, 2019
Question

Settlement money

  • October 2, 2019
  • 1 reply
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I recieved money from a class settlement. Do I need to report it and will I be taxed? How much will I be taxed? 

    1 reply

    Employee
    October 2, 2019

    That depends upon the nature of the class action lawsuit.

     

    See https://ttlc.intuit.com/community/income/help/are-legal-settlements-taxable/00/26607