Linda Sue Carr worked for a large food brokerage firm. In January of this year she was
Question:
Linda Sue Carr worked for a large food brokerage firm. In January of this year she was terminated. After a court battle Linda Sue was reinstated in her job and received from the firm in November \(\$ 7,500\) in punitive damages. Must Linda Sue include the \(\$ 7,500\) in punitive damages in her 2018 gross income?
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No Linda Sue does not need to include the 7500 in punitive damages in her 2018 gr...View the full answer
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Related Book For 
CCH Federal Taxation 2019 Comprehensive Topics
ISBN: 9780808049081
2019 Edition
Authors: Ephraim P. Smith, Philip J. Harmelink, James R. Hasselback
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