Where do I enter the proceeds from a settlement on a 1040

[BobKamman]

Depends on what kind of settlement.  Tell us more. 

[PATAX]

Obviously from the vagueness of your question you are most likely not a tax preparer and a do-it-yourselfer... Therefore go to TurboTax and do it yourself if you are not a tax preparer, as this forum is for tax preparers who use Pro Series...

[jjmcgiii50]

The proceeds were received from BP/Haliburton related to an oil spill that caused my client damages.

[Just-Lisa-Now-]

Sch C, E or maybe Other Income depending on your clients situation.

Q:16

https://www.irs.gov/newsroom/gulf-oil-spill-questions-and-answers

[BobKamman]

https://www.irs.gov/newsroom/gulf-oil-spill-questions-and-answers

[BobKamman]

You won by 29 seconds

[mdtao31]

lisa still the goat!! (GREATEST OF ALL TIME)

stay safe

[Just-Lisa-Now-]