Depends on what kind of settlement. Tell us more.
The proceeds were received from BP/Haliburton related to an oil spill that caused my client damages.
Sch C, E or maybe Other Income depending on your clients situation.
You won by 29 seconds
lisa still the goat!! (GREATEST OF ALL TIME)
Obviously from the vagueness of your question you are most likely not a tax preparer and a do-it-yourselfer... Therefore go to TurboTax and do it yourself if you are not a tax preparer, as this forum is for tax preparers who use Pro Series...