c******d
发帖数: 71 | 1 can anyone help on this question?
googled the topic and didn't find any clue... |
s***x
发帖数: 885 | 2 i don't think so.
did you get any 1099 form related with that?
【在 c******d 的大作中提到】
: can anyone help on this question?
: googled the topic and didn't find any clue...
|
s******g
发帖数: 654 | |
c******d
发帖数: 71 | 4 Thanks for a prompt response.
No, never received 1099 form related with that.
【在 s***x 的大作中提到】
: i don't think so.
: did you get any 1099 form related with that?
|
d*b
发帖数: 21830 | 5 No, it is tax free.
【在 c******d 的大作中提到】
: can anyone help on this question?
: googled the topic and didn't find any clue...
|
c******d
发帖数: 71 | 6 resource? link?
【在 s******g 的大作中提到】
: taxable.
|
d*b
发帖数: 21830 | 7 not taxable, this is not income, your attorney didn't tell you? You even do
not have 1099.
【在 c******d 的大作中提到】
: resource? link?
|
c******d
发帖数: 71 | 8 Many thanks.
【在 d*b 的大作中提到】
: No, it is tax free.
|
d*b
发帖数: 21830 | 9 if you have accident, and buy a car within 30 days, insurance have to pay
you sales tax (up to total compensate * tax rate% ), by federal law.
【在 c******d 的大作中提到】
: Many thanks.
|
c******d
发帖数: 71 | 10 did not use any attorney.
after accident, and several conversations with the insurance company, we
decide to take a compensation payment for simplicity.
after all, my son and my wife seemed OK, which is the best I can want.
do
【在 d*b 的大作中提到】
: not taxable, this is not income, your attorney didn't tell you? You even do
: not have 1099.
|
c******d
发帖数: 71 | 11 good to learn this. thanks.
【在 d*b 的大作中提到】
: if you have accident, and buy a car within 30 days, insurance have to pay
: you sales tax (up to total compensate * tax rate% ), by federal law.
|
s******g
发帖数: 654 | 12 Not tax free at all. Property damage and nonphysical damage are all taxable
income for the portion over your basis. See IRS publication - settlements.
Of course, you may risk it to not report it.Just like many people here. That
's your call. |
