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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Related Book For
CCH Federal Taxation Basic Principles 2020
ISBN: 9780808051787
2020 Edition
Authors: Ephraim P. Smith, Philip J. Harmelink, James R. Hasselback
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