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Answer the following Essential Question: What conditions must be met for an Award to qualify for an exclusion under section 74.? Guiding Hints/Questions: - generally

Answer the following Essential Question: What conditions must be met for an Award to qualify for an exclusion under section 74.?

Guiding Hints/Questions:

- generally awards are taxable, whats the exception?

- research Sec. 74 of the IRC

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