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Old 12-16-2016, 08:18 PM   #1
TannB
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Default Med mal verdict taxable?

Are the proceeds of the verdict in a medical malpractice case taxable?
My niece just won a verdict of 70,000 dollars.
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Old 12-17-2016, 07:53 PM   #2
Wenton2
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Default Re: Med mal verdict taxable?

Not sure if my last post went through, but each case is different. Normally for loss of limbs or personal bodily damage, it is not taxable. But it can be taxable in other circumstances so A tax lawyer always has to review a personal injury award.
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Old 12-18-2016, 02:51 PM   #3
TannB
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Default Re: Med mal verdict taxable?

Thanks!
We are meeting with the attorney and the accountant this week to figure out how to best take the funds.
I will keep you informed!
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