Registered: 07/15/06
Posts: 51487
Loc: Northern Virginia
My guess it's some sort of protection (believe it or not) from dual taxation on that portion of the award/settlement that might be a taxable event.
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The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails. William Arthur Ward
Registered: 07/15/06
Posts: 51487
Loc: Northern Virginia
USAA is one of the US of A's very best insurance organizations Lynn. I'm with them myself. I'm sure you'll have a perfect understanding of what occurred before you finish with your morning calls.
If you run into any jams,PM me to let me know and I'll see what I can find out for you.
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The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails. William Arthur Ward
IRS rules are a teensy bit complicated on this subject and a brief search didn't give any complete answers. When you factor in residing in the US and Canada it becomes even more complex.
A written statement from USAA would be the first step, AFAIK.
My sister works there. I will present your question to her.
BP...
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The same government butt-holes who are trying to take away our guns and ammunition are giving terrorists in Egypt F-16s and Abrams tanks!!! FOR FREE!!!