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Robin is a movie star, after starring in the latest movies. He received $3 Million (from the movie producer) for agreeing not to starring in
Robin is a movie star, after starring in the latest movies. He received $3 Million (from the movie producer) for agreeing not to starring in the new movies for the next 1 year. Will the $3 million be included as ordinary income? Yes, it is part of personal efforts/rewards Yes, because it is paid to compensate his lost income No, because the ecause the payment is for capital nature. (Restrictive Covenant)
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