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J
JONI9611
Level 4
June 1, 2020
Question

Is a consumer fraud federal settlement taxable?

  • June 1, 2020
  • 1 reply
  • 0 views

If someone is suing a car dealership for consumer fraud. Is the settlement taxable?

This topic has been closed for replies.

1 reply

Just-Lisa-Now-
Just-Lisa-Now-Intuit Community Champion
Intuit Community Champion
June 2, 2020

Probably.  

https://www.irs.gov/pub/irs-pdf/p4345.pdf

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