Legal Question in Tax Law in Minnesota

A friend of mine received a large cash settlement in a vehicular homicide case and wants to gift or borrow us a pretty large amount of cash. Is there any tax laws we need to be concerned about?

Asked on 2/07/10, 8:57 am

1 Answer from Attorneys

Maury Beaulier612.240.8005 Minnesota Lawyers

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No. Personal injury setlements are not taxable.

Answered on 2/13/10, 12:43 am

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