Gina was falsely imprisoned as the result of an auto dealers criminal complaint against her. Although the

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Gina was falsely imprisoned as the result of an auto dealer’s criminal complaint against her. Although the charges were later dropped, she was arrested and detained for approximately eight hours. She was not hurt or abused during the arrest and detention but she did see a psychologist for several sessions. She sued the auto dealership for malicious prosecution and received a $ 25,000 settlement payment from the company. Can Gina exclude the settlement payment from income?
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Federal Tax Research

ISBN: 9781285439396

10th Edition

Authors: Roby Sawyers, William Raabe, Gerald Whittenburg, Steven Gill

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