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Submitted 854 days ago...

Astonish857

Astonish857

New User (1)

Lawsuit claim

My husband and i received an award from a pharmacutical lawsuit do we have to claim that on our taxes

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Answer 1 / 1 - Submitted 854 days ago...

IMHO

IMHO

Brain (20,455)

That it depends on if it was a taxable or untaxable settlement.

Here's a very brief and simple explaination on the difference. You may want to consult a tax professional if you are unsure.

http://www.taxmama.com/AskTaxMama/267/267irs.html

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Lawsuit claim

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