Due to the development process of Zodiac class details such as Skills, and CMP information may be out of date, you should always check with players, and with the command in game /skills (class name) for an up to date list of skills and such.
Say part of your award or settlement is tax-free (for physical injury or sickness), and part is taxable (for interest or punitive damages). You must report the full amount of the taxable portion of the award or settlement as income on your return, without any reduction for the related attorney fees. Then you can treat the fees related to the taxable portion as a miscellaneous itemized deduction item on Form 1040.
Share this conversation. Expert: The Land Advisor replied 8 years ago. It seems unfair, but the gross proceeds of your settlement-the amount shown on the 1099 - is taxable income. Your out of pocket costs for the class action lawsuit are deductible BUT as a miscellaneous itemized deduction.Your expenses that are associated with the work that was done on the structure that was repaired are added to the basis (if it is your house) or deducted as a repair cost (if it is a rental property) ...either way it is NOT deducted from the proceeds of the 1099 class action lawsuit settlement.I know it seems that the taxpayer gets the wrong end of the stick with this interpretation... but see below for a more formal outline of this conclusion.ither way it is NOT deducted from the proceeds of the 1099 class action lawsuit settlement. I know it seems that the taxpayer gets the wrong end of the stick with this interpretation... but see below for a more formal outline of this conclusion.