nemoryer
Full Member
Cash: $ 13.35
Posts: 57
Joined: 11 Apr 2009
Location: wa |
Should I wait for a 1099? |
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In 2010, Walmart settled a class action suit in which I was a privileged participant.
My gross settlement payment was $1161.39
Non-wages 41063.89
Wages $97.50
Net wages $90.04
Total Taxes Withheld $7.46
Net Settlement Award $1153.93
With the check that was sent last summer, I also received a W2 Tax Document.
From this W2, I am able to now transfer the figures to my TurboTax.
I am retired, I live in State of WA, I have no other income besides SS.
Is the net settlement award declarable to Uncle Sam and is of any consequence on my 1040?
Turbo tax did not ask if I had received any settlement awards in 2010.
Thank you for any help.
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