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    • Created with Sketch. See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View ProSeries Hot Topics.
    Created with Sketch. See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View ProSeries Hot Topics.
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    Is a consumer fraud federal settlement taxable?

    JONI9611
    Level 3
    ‎06-01-2020 05:03 PM

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

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    1 Comment 1
    Just-Lisa-Now-
    Level 15
    Level 15
    ‎06-02-2020 08:55 AM

    Probably.  

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


    ♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪






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