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italy357 Asked March 2014

My Mom died and fell at the hospital. She recieved 19 thousand. Do I pay taxes on that?

pamstegma Mar 2014
If it was "compensatory" damages, no tax. If it was "punitive" damages, you pay tax. If you did not get a 1099 with it, it was most likely compensatory. Attorneys will not answer tax questions, they will refer you to a tax person.

palmtrees1 Mar 2014
I just read it has to do with the state where you live if you live in the USA. This is surely a question for an attorney.

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palmtrees1 Mar 2014
I would consult an attorney about this. I am not sure where you are but capital earned in this country is taxed. Inheritances are not unless the total is over 5 million. But I am not sure about settlements.

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