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J was employed by Happy Corporation. At the corporations annual New Years Eve party (December 31, 2020), all employees received a bonus check for $1,000
J was employed by Happy Corporation. At the corporations annual New Years Eve party (December 31, 2020), all employees received a bonus check for $1,000 at 11:00 pm. None of the employees were able to cash the check that night nor could they deposit the checks until early January, 2021. Must J report the income in 2020? Yes ____ No ____
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