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Lump sum workman’s comp payment

fredr
Level 4

Client received lump sum payment for workman’s comp which included a large payment for interest. Is the interest portion taxable?

 

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1 Comment 1
Skylane
Level 12
Level 12

Probably,  Ins company is supposed to provide 1099 INT....  but....they don't always do... ask ins claims dept. 

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