TaxGuyBill
Level 15
12-06-2019
07:37 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
§111(a): Gross income does not include income attributable to the recovery during the taxable year of any amount deducted in any prior taxable year to the extent such amount did not reduce the amount of tax imposed by this chapter.
https://www.law.cornell.edu/uscode/text/26/111
https://www.law.cornell.edu/uscode/text/26/111