glenAndheim
Junior Member
What is the name of your state? Utah
I had disability insurance that was completely paid my employer.
I became permanently and totally disabled, and the insurance company paid for about 6 months. (A little more than a year after that I qualified for Social Security Disability.)
I sued the private insurance company and lost, then appealed, went into arbitration, and got a small lump-sum settlement, in return for leaving them alone and not telling anyone about the result of the arbitration.
Do I have to declare this on my income tax? I have not yet received a 1099 from them, or any other reporting form. If I do not receive a 1099, W-2 or anything else, do I owe income tax?What is the name of your state?
I had disability insurance that was completely paid my employer.
I became permanently and totally disabled, and the insurance company paid for about 6 months. (A little more than a year after that I qualified for Social Security Disability.)
I sued the private insurance company and lost, then appealed, went into arbitration, and got a small lump-sum settlement, in return for leaving them alone and not telling anyone about the result of the arbitration.
Do I have to declare this on my income tax? I have not yet received a 1099 from them, or any other reporting form. If I do not receive a 1099, W-2 or anything else, do I owe income tax?What is the name of your state?