Will we embrace the 1099 (or alternative taxation form) for an word payment?
I was in a automobile collision as well as my automobile was totaled. The word association paid me a blue book worth of my vehicle. Will we embrace a 1099 or a little alternative taxation form from a word association which we will need to note upon my taxes?
August 20th, 2010 at 6:32 am
No. That is not taxable income.