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Settlement Question? - Printable Version

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Settlement Question? - lizdawiz82 - 06-14-2012

Hello I just recieved a C&R settlement and wanted to know if i would have to pay any taxes on it? I just want to be safe and make sure i save some money for the due taxes, i'm from California, thanks.


RE: Settlement Question? - 1171 - 06-14-2012

no with some exceptions:
http://www.law.cornell.edu/uscode/text/26/104