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Chtysler emissions scandel settlement

Dixiedo2020
Level 1

Client showed me a picture of a check he received from Chrysler, but he                                                          didn't receive a 1099.  how should this be handled

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1 Comment 1
IntuitJim
Employee
Employee

If the settlement was for damages, generally the proceeds would not be taxable income. This sounds like damages: https://www.cnn.com/2019/01/10/business/fiat-chrysler-settlement/index.html