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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Related Book For
Federal Tax Research
ISBN: 9780324659658
8th Edition
Authors: William A. Raabe, Gerald E. Whittenburg, Debra L. Sanders
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