Lawyer handled a case for discrimination.
Settlement was 240k.
He received a check for 160k from the defendant to pass on to his client.
He also received a check for 80k from the defendant which he kept for his fee.
What is the correct way to do the 1099 to the lawyer's client.
Should it be a 1099 for other income for 240k and then the client deduct the 80k as an adjustment to agi?