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허성욱
님 답변
답변일
10/12/2010 9:03:01 AM
It depends on what the $2000 was for. If it was for lost wages, then it is taxable. If it was for physical injury or illness, auto repairs, etc. then it is not taxable.
The rationale is that if you had earned the wages, you would have paid tax on it anyway.
On the other hand if the settlement was for physical injury, then the money only helps restore you to where you were before the accident occurred. So theoretically, you gained nothing.
The rationale is that if you had earned the wages, you would have paid tax on it anyway.
On the other hand if the settlement was for physical injury, then the money only helps restore you to where you were before the accident occurred. So theoretically, you gained nothing.
