Welcome back! Ask questions, get answers, and join our large community of tax professionals.
cancel
Showing results for 
Search instead for 
Did you mean: 

Is a return required to be filed if the client received a lawsuit settlement of $11?

rlsc
Level 2

She is not required to file otherwise. SS income $32,538., pensions $2,179. No other income. The settlement was not personal injury. It was citicorp re a 401 K. She did not have a 1099-misc although I think they sent one to her.

0 Cheers

This discussion has been locked. No new contributions can be made. You may start a new discussion here

3 Comments 3
Just-Lisa-Now-
Level 15
Level 15

Not personal injury, and you think a 1099 was probably issued, sounds like a filing requirement may exist.


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
George4Tacks
Level 15

When in doubt, file. 


Answers are easy. Questions are hard!
Just-Lisa-Now-
Level 15
Level 15
oh you said only eleven dollars? LOL dont worry about it, no filing requirement for that.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪