e received $120,000 for damages to his professional reputation, $100,000 for damages to his personal reputation, and $50,000 in punitive damages. Jack must include in his gross income as a damage award: a. $0. b. $100,000. c. $120,000. d. $270,000.
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Brandee has the following results of netting her short-term and long-term capital gains and losses for 2019: $42,000 short-term capital loss, $26,000 net long-term capital gain ($24,000 0%/15% long-term capital gain, and $2,000 28% long-term capital
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