Legal Question in Personal Injury in Florida

I was in a car accident and received a settlement. I paid back to my insurance company their expenses and after a few months, invested the rest in treasury notes. I report as income the interest I receive twice a year on this note and thus pay the taxes. When the note majures, is there any tax liability on the lump sum of principle I receive?


Asked on 11/11/10, 7:21 am

1 Answer from Attorneys

Michael Tobin Michael M. Tobin, P.A.

No. Your return of principal is not income.

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Answered on 11/16/10, 9:47 am


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