I've gotten different opinions. Do you have to report a settlement from a medical malpractice suit on taxes? Also, I was in an accident, and received a settlement there. Must I report that? My lawyer says no. A CPA says I must report punitive money.

Same question, ty :)

this is a sillly responce !!


Please disregard

As a person that knows nothing about the law,
I say you'v been very ill lately,
Get well soon

Love MagikPoo
8) I hope that brightened your day. :D

Confused:

Do you have to report a settlement from a medical malpractice suit on taxes?


Thanks,

Steel Knee

I believe your lawyer is correct. Generally, settlements from a lawsuit are not reportable.