Taxes on settlement monies
Are taxes due on money received from a settlement from an motor vehicle accident?
Asked on 5/09/01, 11:49 am
1 Answer from Attorneys
WILLIAM BRANDWEIN
WILLIAM A. BRANDWEIN, A PROFESSIONAL LAW CORP.
Re: Taxes on settlement monies
Generally not if for personal injuries or sickness. If for property, only if it was business property.
Answered on 6/20/01, 6:03 pm
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