Level 12
03-14-2026
04:28 PM
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Depends on the character of the settlement. I’ve always gotten my best answers by going to the horses pitute (settlement attorney)… they’ll know best how settlement is structured and will be able to advise if a 1099 will be forthcoming, fees, etc.
typically settlements for physical injuries or sickness are not taxable.
If at first you don’t succeed…..find a workaround