Lawsuit settlement tax

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Settled and employment lawsuit for about 125k. Award split with another plaintiff and legal fees. Received 25k check from lawyer but no 1099. Can I deduct the amount from my settlement that went to legal costs?

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taxOnSettlement 3 months 1 Answer 203 views 0

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    You only claim the net that you received. Amounts that were split to other plaintiffs or legal fees are not taxable.

    https://www.irs.gov/pub/irs-utl/lawsuitesawardssettlements.pdf

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