Results 1 to 4 of 4

Thread: Tax question

  1. #1
    Senior Member Carroll Shelby marshall_mosty's Avatar
    Join Date
    Mar 2006
    Location
    Denton, TX
    Posts
    3,333

    Tax question

    How would I handle a payout due to a class action litigation settlement? If I received a check from the payout, but it wasn't recorded with a 1099 of any sort, would I have to claim it as miscellaneous income?

    Just trying to tie up the loose ends on this years tax return.
    Marshall Mosty
    AI/SI Texas Regional Director
    2011 NASA-TX American Iron Champ
    AI #67 "Mosty Brothers' Racing" (RIP)
    ST6 #21 Toyota Corolla (being revived)...

  2. #2
    Senior Member Carroll Shelby jeffburch's Avatar
    Join Date
    Mar 2006
    Location
    Bedford,Tx
    Posts
    2,769
    Could always claim it next year :lol:

    jb

  3. #3
    Senior Member Grass-Passer Boudy's Avatar
    Join Date
    Mar 2006
    Location
    Southlake, TX
    Posts
    672
    Shhh...

    Boudy

  4. #4
    Senior Member Grass-Passer cobra132's Avatar
    Join Date
    Feb 2007
    Location
    San Antonio
    Posts
    648
    If you are sure there is no 1099, then it doesn't exist.

Bookmarks

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •