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Level 1
April 9, 2020

IS A SETTLEMENTFROM A CLASS ACTION LAWSUIT (LOSS IN PREVIOS YEAR) TAXABLE AS THEY GOT A 1099-MISC FOR LITTLE OVER $600.CAN YOU JUST ZERO IT OUT ON D SOMEHOW OR DO THEY HAVE TO REPORT FULL AMOUNT

  • April 9, 2020
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    itonewbie
    Level 15
    April 9, 2020

    On what basis do you believe the award from a class action lawsuit should not be taxable?

    What loss are you referring to?

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