Mima
Level 1

The settlement states Final default judgement ..reading in into the settlement it states , material breach of contract on a construction of building a home and Civil Theft The plaintiffs( my clients besides the amount awarded they were also entitled to reasonable attorney fees paid and court cost against the Defendant. Is the full amount awarded taxable. Or does any one have a reference of an IRS publication were I can get information on taxable Court settlements???

Appreciating any help I can get...

 

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