Do I have to pay taxes on car accident settlement?

6 Answers

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  • 4 weeks ago

    No you don't.  But you sure as hell better disclose it on any statement.  

  • May
    Lv 6
    4 weeks ago

    No.  They are not taxable

  • Anonymous
    4 weeks ago

    No, it is not income.

  • 4 weeks ago

    Anonymous is correct.  Compensation for a loss is not taxable income.

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  • Anonymous
    4 weeks ago

    No - - it isn't income - it's making you whole after suffering a loss.

  • Anonymous
    4 weeks ago

    that's a lawyer question, not one for a howling pack of yahooligans .............................

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