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6. Taxpayer successfully litigated several lawsuits during 2019, receiving amounts as listed below. Breach of contract damage award $7,000 Compensation award (defamation) for lost wages
6. Taxpayer successfully litigated several lawsuits during 2019, receiving amounts as listed below. Breach of contract damage award $7,000 Compensation award (defamation) for lost wages 5,000 Punitive damages (physical injury) 4,000 Compensation award for physical injury 1,000 Workers' compensation (sickness) 2,000 Unemployment compensation 500 What total income amount will Taxpayer exclude on his/her 2019 Form 1040? $ 7,000 B 3,000 C 7,500 D 3,500 E None of the above
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