83. Yukio was seriously injured when he fell through an open manhole. Yukio was awarded compensatory damages

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83. Yukio was seriously injured when he fell through an open manhole. Yukio was awarded compensatory damages of $500,000 for his injuries, loss of current wages, reduced future earning ability, and for all of the suffering he incurred and may incur in the future. Is any of the settlement taxable to Yukio? Specifically is the amount for lost wages taxable?

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Federal Tax Research

ISBN: 9780324659658

8th Edition

Authors: William A. Raabe, Gerald E. Whittenburg, Debra L. Sanders

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