On May 1, 2018, Anthony was in an automobile accident while on his way to work. Following

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On May 1, 2018, Anthony was in an automobile accident while on his way to work. Following doctor's advice, Anthony stayed home for six months to recover from his injuries. While at home, Anthony filed a lawsuit against the other driver. On December 1, 2018, the lawsuit was settled and Anthony received the following amounts:

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How much of the settlement must Anthony include in ordinary income on his 2018 tax return?

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CCH Federal Taxation 2019 Comprehensive Topics

ISBN: 9780808049081

2019 Edition

Authors: Ephraim P. Smith, Philip J. Harmelink, James R. Hasselback

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