I received a settlement in 2006 for structural defects in a home I purchased a few years ago. I did not have any work done yet and did receive a 1099 misc form from the lawyer. The 15k is listed under "other income". It is showing up on line 21 of the 1040 as "prizes/awards". Is this taxable, even tho I do plan to have the work done?
- posted
17 years ago