How do I estimate the tax liability from an insurance settlement?
The person received an insurance settlement in 2017 - $x represents income replacement, and $y represents medical benefits.Where do I input these in 2016 tax return.
01998
1 Replies
Delphision
Level 2
Oct 30, 2019 5:51:51 AM
If the settlement was received in 2017, it goes in your 2017 return, not 2016