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are libel suit settlements taxable?

2007-05-09 04:37:01 · 2 answers · asked by edtrucker12000 1 in Business & Finance ➔ Taxes ➔ United States

2 answers

Yes, fully. Only settlements for physical injury or illness are tax-free.

2007-05-09 04:47:06 · answer #1 · answered by Bostonian In MO 7 · 3⤊ 0⤋

Ask your lawyer.

2007-05-09 11:45:32 · answer #2 · answered by Anonymous · 0⤊ 2⤋

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