Bethel Park, PA asked in Tax Law for Pennsylvania

Q: Do I need to pay taxes on a $265 settlement from the results a AP&G class action suit?

The check is made out to my now closed LLC.

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1 Lawyer Answer
D. Mathew Blackburn
D. Mathew Blackburn
Answered
  • Tax Law Lawyer
  • Englewood, CO

A: You'll have to review the settlement documents to see what the settlement was for. Some items are taxed and some are not.

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