BillPrisc
Apr 15, 2009, 08:40 AM
My Father in law received a settlement for a suit he brought against his employer. He worked in a factory and did years of repetitive labor only to find that he had an injury. The firm settled this year after 6 years of negotiations he got around 70k. Is that taxable on his return - he received a 1099 misc with box 6 having the settlement amount listed.