The following items were received as court awards and damages during 2019. All should be included in

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The following items were received as court awards and damages during 2019. All should be included in ordinary income for 2019 by the taxpayer who received them except:

a. Compensation for lost wages due to slander

b. Compensatory damages for physical injury

c. Damages for breach of contract

d. Interest on damages for breach of contract

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CCH Federal Taxation Basic Principles 2020

ISBN: 9780808051787

2020 Edition

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

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