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Is the "Cash For Keys" program taxable?

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Is the "Cash For Keys" program taxable?

Related Topics: Taxes
Related Tags: Tax Planning, Taxes, Cash for Keys

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By Cora Parks - Tax Today

Answered 9 months ago

Incom received under the “Cash For Keys” program is taxable. Report it under the other income line on Form 1040 of your income tax return.

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