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Author: jajohnson Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121572  
Subject: Personal injury settlement? Date: 3/30/1999 6:28 AM
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Last year, I was in a car accident and I received a settlement of about 2k and paid medical bills. I thought that I would have to report this as income, but my friend has said otherwise. What is the official call on this, anyone know?
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Author: TMFTaxes Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 13572 of 121572
Subject: Re: Personal injury settlement? Date: 4/3/1999 9:40 PM
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[[Last year, I was in a car accident and I received a settlement of about 2k and
paid medical bills. I thought that I would have to report this as income, but my
friend has said otherwise. What is the official call on this, anyone know?]]

Generally personal injury...the payment for pain and suffering...is not a taxable event. You can read more about this in IRS Publication 525 at the IRS web site.

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