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    Colleen Lewin's Avatar
    Colleen Lewin Posts: 2, Reputation: 1
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    #1

    Mar 2, 2015, 10:58 PM
    1099
    Can the money I receive from a divorce settlement be 1099
    AK lawyer's Avatar
    AK lawyer Posts: 12,592, Reputation: 977
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    #2

    Mar 3, 2015, 07:14 AM
    There are various flavors of IRS Form 1099, but I don't believe money paid pursuant to a divorce settlement has to be reported to the IRS, if that's what you are asking.
    cdad's Avatar
    cdad Posts: 12,687, Reputation: 1438
    Internet Research Expert
     
    #3

    Mar 3, 2015, 02:56 PM
    Depending on what it is classified as then you may have to report it to the IRS. Spousal Support is taxable. Depending on what else may have been in the settlement like sale of certain properties then there may also be a tax liability.

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