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

jerryld
Level 1
 
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2 Comments 2
sjrcpa
Level 15

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.
jerryld
Level 1

thank you

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