September 29, 2009
Claiming wage loss/medical on income tax from personal injury case?
IAMGODD asked:
In a motor vehicle accident, I received a settlement for personal injury. Is the portion that is noted as wage loss/medical to be claimed on my income taxes as other income? Is it the full amount and what documents do I attach to support it?
Johns Creek Personal Injury Attorney
In a motor vehicle accident, I received a settlement for personal injury. Is the portion that is noted as wage loss/medical to be claimed on my income taxes as other income? Is it the full amount and what documents do I attach to support it?
Johns Creek Personal Injury Attorney
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Comments on Claiming wage loss/medical on income tax from personal injury case?
12:38 am
Johns Creek Personal Injury Attorney
I don’t think you have 2 claim it cause U already paid taxes on this ask your lawyer he’ll know.Good Luck
12:05 pm
Johns Creek Personal Injury Attorney
Compensatory payments are not taxable. The amount for punishment to the defendant is taxable.