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J
jerryld
Level 2
March 17, 2021
Question

How to report 1099 other income from law suit settlement when the lawyer received the money and kept for legal fees

  • March 17, 2021
  • 2 replies
  • 12 views
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2 replies

sjrcpa
sjrcpa
Level 15
March 17, 2021

You report the gross. In limited circumstances (unlawful discrimination?) you can take an above the line deduction for the legal fees.

The more I know the more I don’t know.
    J
    jerryldAuthor
    Level 2
    March 17, 2021

    thank you

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