Actress Nola Talent sued her coworker, actor Burt Dirt, for slander, citing his speech at a press

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Actress Nola Talent sued her coworker, actor Burt Dirt, for slander, citing his speech at a press interview where he labeled her a "floozy" and an "incompetent excuse for an actress." In her suit she claimed that as a consequence of this slander she not only felt degraded but was denied further acting roles. The court awarded her $100,000 in compensatory damages for damage to her acting career and $1,000 in punitive damages for the slander of her character. How is this reflected in her income tax return?

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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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