- Membership
- Certification
- Resources
- Events
- Community
- About
- Help
Form 1099 Reporting for Eminent Domain Judgments: Attorney Trust Accounts & Interest
May 20, 2026
Q. We recently issued a payment of $112,000 ($95,000 principal + $17,000 accrued interest) via a stipulated final judgment in an eminent domain case. The check was made payable to a Law Firm PA Trust Account on behalf of their client (an LLC).
Since this was a court-ordered judgment paid to an attorney PA, are we required to report the full $112,000 in Box 10 of Form 1099-MISC, even though it relates to a real estate taking?
For the $95,000 principal, should this be reported to the LLC on Form…
Become A Member
Join IOFM today as a Professional, Business, or Enterprise Member — or upgrade your Starter Membership — to get access to this content and thousands of other Articles, Webinars, Expert Answers, Resource Downloads, and more!
Naturally, this forum doesn’t allow the kind of full information exchange necessary for the Institute of Finance & Management (IOFM) to provide legal advice and the Expert is not a tax attorney in any event. Please understand that the nature of our responses are limited by these constraints as well as the site’s Terms of Use. If you have further questions or suggestions about how we can improve IOFM, please let us know.
Ask The Expert is a member resource of IOFM and all advice provided is subject to site’s Terms of Use.
What are you waiting for?
