4brownangels
Junior Member
What is the name of your state? IN
Last February, my husband and I settled out of court in an identity theft case. We were told that our settlement was not going to be taxable, but in February of this year we received a 1099 from the company we settled with. Now, our CPA is telling us that our settlement is taxable. Our lawyer says he doesn't know. Is it taxable or is it not?
Last February, my husband and I settled out of court in an identity theft case. We were told that our settlement was not going to be taxable, but in February of this year we received a 1099 from the company we settled with. Now, our CPA is telling us that our settlement is taxable. Our lawyer says he doesn't know. Is it taxable or is it not?