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    Is a consumer fraud federal settlement taxable?

    JONI9611
    Level 3
    ‎06-01-2020 05:03 PM

    If someone is suing a car dealership for consumer fraud. Is the settlement taxable?

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    1 Comment 1
    Just-Lisa-Now-
    Level 15
    Level 15
    ‎06-02-2020 08:55 AM

    Probably.  

    https://www.irs.gov/pub/irs-pdf/p4345.pdf


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