AC553_W2_Solution5_21 - the reimbursement in 2012 he would...

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1 Problem 5-21 Solution Workers’ Compensation All the mentioned insurance proceeds are excludable from Windsor’s gross income. If medical expenses were deducted on his 2011 tax return, then at the time he received
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Unformatted text preview: the reimbursement in 2012, he would have to recognize income to the extent of benefits received in 2012....
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