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.
>
>
>
- posted
19 years ago
Reward Money Taxable?
Loading thread data ...
- Vote on answer
- posted
19 years ago
Yes.
Probably a tossup for her
-- Phil Marti Clarksburg, MD
- Vote on answer
- posted
19 years ago
"William Brenner" wrote
Yes.
She'll (the current wife) will get more than $70K from you, for sure.
-- Paul A. Thomas, CPA Athens, Georgia
- Vote on answer
- posted
19 years ago
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
formatting link