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    schlivo's Avatar
    schlivo Posts: 1, Reputation: 1
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    #1

    Apr 11, 2011, 12:38 PM
    Where do I enter compensatory damages on 1040?
    Where do I enter compensatory damages on 1040?
    ma0641's Avatar
    ma0641 Posts: 15,675, Reputation: 1012
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    #2

    Apr 11, 2011, 04:46 PM
    What did the damage settlement arise from? Personal injury settlements are not usually taxable if you were injured. However, if you were in a class action suit without injury, the answer may be different.
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
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    #3

    May 19, 2011, 07:02 PM
    If you determine the monetary damages ARE taxable, enter it on Line #21 of Form 1040.
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