Tax liablity for malpractice award

What is the name of your state? PA

My fathers estate has been awarded a sum of mony in a medical malpractice case (my father died). Two components (doctors) settled the cases out of court. What is the tax liability against the estate for the sum of money that we have won here in the state of Pennsylvania? Thank you in advance for the information!

Mike

Loku's the expert on taxable/nontaxable settlements. Search his posts for the answer. Sorry but I don't have time.....

Mike...
This is loku's post. Copy and paste it into the address bar. (omit url's) https://forum.freeadvice.com/showthread.phps=&threadid=122217&highlight=settlements

You should also consider hiring a good accountant... especially if this is a substantial settlement. Estate taxes could be a factor unless the estate was passed on to a spouse.