Page 184 - Other Income for Individuals
P. 184

Expenses paid by another




















                                                                  Expenses paid by another


                                                                   If your personal expenses are paid for by another person, such as a
                                                                    corporation, the payment may be taxable to you depending upon your
                                                                    relationship with that person and the nature of the payment.







                                                                  Expenses paid by another

                                                                   But if the payment makes up for a loss caused by that person, and only
                                                                    restores you to the position you were in before the loss, the payment
                                                                    isn’t includible in your income












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