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Case Study 1: Workout ResourcesLaDonna received the following income: wages, interest, child support, alimony from her 2016 divorce, inheritance, workers' compensation, and lottery winnings. Which sources of LaDonna's income are taxable and which are nontaxable? Click here to reference the Tables of Taxable and Nontaxable Income. LaDonna's Income:
Click here for an explanation. The wages, interest, alimony, and lottery winnings are taxable income and will appear on LaDonna's tax return. Child support, inheritance, and workers' compensation are nontaxable income and will not appear on LaDonna's tax return.
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Income — Wages, Interest, etc. Workout
Workout Resources
Publication 4012, Tables of Taxable and Nontaxable Income