Legal Question in Tax Law in Ohio

Taxes on settlement monies

Are taxes due on money received from a settlement from an motor vehicle accident?


Asked on 5/09/01, 11:49 am

1 Answer from Attorneys
WILLIAM BRANDWEIN WILLIAM A. BRANDWEIN, A PROFESSIONAL LAW CORP.

Re: Taxes on settlement monies

Generally not if for personal injuries or sickness. If for property, only if it was business property.

Read more
Answered on 6/20/01, 6:03 pm


Related Questions & Answers

More Tax and Taxation Law questions and answers in Ohio