Punitive Damage Awards Received Because of a Personal Injury

question 121

Multiple Choice

Punitive damage awards received because of a personal injury

• A)Are the same as loss-of-income damages.
• B)Are included in gross income regardless of the cause.
• C)Will be excluded from gross income if the award resulted from a physical personal injury.
• D)Will be excluded from gross income because punitive awards are meant to punish the offender for gross negligence.
• E)Are never taxable.

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