Won a lawsuit

Waynej
Waynej Member Posts: 1 Newcomer
edited December 2024 in Income

I’ve been on workers comp and just won a lawsuit. What taxes do I need to file? Do I claim the money as income?

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  • MatthewD
    MatthewD FreeTaxUSA Team Posts: 356

    Hello,

    Generally, speaking that income is taxable. The only income from a lawsuit settlement that is NOT taxable is an unlawful discrimination settlement/lawsuit. You'll need to report this 1099-MISC on the Other Income page.

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