If I am a defendant in a class action lawsuit, and win a certain amount of money, do I have to report the earnings to the IRS?


It depends on the nature of the suit and settlement. It's best to read the docs at the IRS: Publication 4345 (Rev. 12-2016) - Settlements — Taxability

|improve this answer|||||

Your Answer

By clicking “Post Your Answer”, you agree to our terms of service, privacy policy and cookie policy

Not the answer you're looking for? Browse other questions tagged or ask your own question.