is money won on a medical malpractice law suit taxable by the us govermant? or state gov?
Dances with Aardvarks
Settlements for physical injury or illness are not taxable. However if any portion was earmarked for accrued interest or punitive damages, those portions are fully taxable as ordinary income.
Orignal From: Q&A: is money won on a medical malpractice law suit taxable by the us govermant? or state gov?
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