To: gaijin
Court awarded judgments are normally NOT taxable. They are not viewed as earned income, but as a “restoration” payment for injuries, losses, etc.
To: MadMax, the Grinning Reaper
True, generally, for injury or death related judgements. Damages can be awarded for monetary losses or loss of income that can be taxable.
35 posted on
02/13/2012 1:53:51 AM PST by
tdscpa
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