ANSWERS: 2
-
if this was a civil suit and you recieved payment based on losses, I don't believe you have to report it at all,not 100% sure
-
Line 21, other income not subject to self-employment taxes. IF you had any of the stock left, you could adjust the basis by this settlement. But since you have sold the stock at a loss, this settlement helps to mitigate the loss.
Copyright 2023, Wired Ivy, LLC