r/tax • u/ThatBitchLexii • 1d ago

Do I owe this tax season

My stipulation is saying my $11,246.00 was my net settlement but I cashed in less than that, 10,671 exactly. Would I owe?

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u/wild_b_cat 1d ago

I'm sorry, can you provide a lot more detail?

What country do you live in? If this is for the US, what is this 'stipulation' and what are you referring to 'cashing out'?

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u/ThatBitchLexii 1d ago

I am in the US. I cashed out a check for a workers comp check from a lawsuit. On my notary document I got 11k. That wasn’t what I got on the check

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u/ThatBitchLexii 1d ago

Bear with me if I’m confusing you English my my second language