Depends on what kind of settlement. Tell us more.
Obviously from the vagueness of your question you are most likely not a tax preparer and a do-it-yourselfer... Therefore go to TurboTax and do it yourself if you are not a tax preparer, as this forum is for tax preparers who use Pro Series...
The proceeds were received from BP/Haliburton related to an oil spill that caused my client damages.
Sch C, E or maybe Other Income depending on your clients situation.
Q:16
https://www.irs.gov/newsroom/gulf-oil-spill-questions-and-answers
You won by 29 seconds
lisa still the goat!! (GREATEST OF ALL TIME)
stay safe
