S Shay W. Guest Jun 18, 2009 #1 I was involved in an accident with an 18 wheeler, and I was wanting to know if i needed to include the settlement on my taxes?
I was involved in an accident with an 18 wheeler, and I was wanting to know if i needed to include the settlement on my taxes?
V v b New member Jun 18, 2009 #2 Generally no. If any part of the settlement is identified as lost wages, interest, or punitive damages, it will be taxable.
Generally no. If any part of the settlement is identified as lost wages, interest, or punitive damages, it will be taxable.
