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Level 2
April 27, 2021
Question

Where to enter 1099-Misc stated as other income from a lawsuit settlement?

  • April 27, 2021
  • 2 replies
  • 25 views

When I enter it it comes up taxable and should be a non taxable item?

So...where is the proper place to enter as non taxable item?

This topic has been closed for replies.

2 replies

Just-Lisa-Now-
Intuit Community Champion
April 27, 2021
why is it non taxable? generally you wouldnt be issued a 1099MISC for a non taxable settlement.
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
Level 8
April 27, 2021

If someone received a 1099-Misc from a personal injury lawsuit, they should contact the payer about sending a corrected 1099 .

 

Level 2
August 8, 2022

Where and how is it entered?  is it other income?