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Dixiedo2020
Level 2
April 9, 2020

Chtysler emissions scandel settlement

  • April 9, 2020
  • 1 reply
  • 9 views

Client showed me a picture of a check he received from Chrysler, but he                                                          didn't receive a 1099.  how should this be handled

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    1 reply

    IntuitJim
    IntuitJim
    Level 5
    April 9, 2020

    If the settlement was for damages, generally the proceeds would not be taxable income. This sounds like damages: https://www.cnn.com/2019/01/10/business/fiat-chrysler-settlement/index.html

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