Is the $70,000 in rewards given to the young woman in Atlanta taxable? If yes, I shall not propose marriage -- which might or might not please my current spouse.
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Reward Money Taxable?
Mar 27, 2005
3 Replies
Yes.
Probably a tossup for her
-- Phil Marti Clarksburg, MD
"William Brenner" wrote
Yes.
She'll (the current wife) will get more than $70K from you, for sure.
-- Paul A. Thomas, CPA Athens, Georgia
I know of no exemption for income from rewards.
I was more concerned with the impending divorce between Jennifer and Brad myself.
-- David M. Woods, EA, ChFC, CLU Woods Financial Services Norwood, MA 02062
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