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Level 2
July 15, 2020
Question

Is a return required to be filed if the client received a lawsuit settlement of $11?

  • July 15, 2020
  • 2 replies
  • 15 views

She is not required to file otherwise. SS income $32,538., pensions $2,179. No other income. The settlement was not personal injury. It was citicorp re a 401 K. She did not have a 1099-misc although I think they sent one to her.

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2 replies

Just-Lisa-Now-
Intuit Community Champion
July 16, 2020

Not personal injury, and you think a 1099 was probably issued, sounds like a filing requirement may exist.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
Just-Lisa-Now-
Intuit Community Champion
July 16, 2020
oh you said only eleven dollars? LOL dont worry about it, no filing requirement for that.
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
George4Tacks
Level 15
July 16, 2020

When in doubt, file. 

Answers are easy. Questions are hard!