Do I have to pay taxes on a small class action settlement check? (less than $160)
This settlement was re machines in hospitals which dispense patient drugs. Never thought anything would come of this class action suit. The check I ended up getting is less than $160. Do I have to pay tax on this when I file my annual income tax in 2024?? Or is the amount considered trivial? That's what I'm hoping. Thanks for your input.
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