Welcome back! Ask questions, get answers, and join our large community of tax professionals.
cancel
Showing results for 
Search instead for 
Did you mean: 

Voya class action settlement payments taxable?

Colmatt
Level 5

Voya class action settlement payments taxable? $350 received , no 1099.  Damages for COI rate change that violated terms of policies.

 

Thank you 

0 Cheers
1 Best Answer

Accepted Solutions
mm1
Level 5

Yes they are taxable as Other Income

View solution in original post

1 Comment 1
mm1
Level 5

Yes they are taxable as Other Income