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Level 2
June 23, 2020
Question

Workers Compensation Settlement

  • June 23, 2020
  • 2 replies
  • 14 views

My client sued his company and won. The lawyer took a big portion of the settlement. Can he deduct the lawyer's fee from the amount he reports?

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2 replies

Just-Lisa-Now-
Intuit Community Champion
June 23, 2020

What is he reporting?   What did he get paid for?

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
BobKamman
Level 15
June 23, 2020

Since workers compensation is not taxable, expenses to collect it are nondeductible.