Page 203 - Other Income for Individuals
P. 203
Pulitzer, Nobel, and similar prizes
You were selected without
any action on your part to
If you were awarded a prize
in recognition of enter the contest or
accomplishments in N proceeding.
religious, charitable, You aren’t required to
scientific, artistic, perform substantial future
educational, literary, or services as a condition to
civic fields, you must W E receiving the prize or
generally include the value award.
of the prize in your income. The prize or award is
However, you don’t include transferred by the payer
this prize in your income if directly to a governmental
you meet all of the S unit or tax-exempt
following requirements. charitable organization as
designated by you.
See Pub. 525 for more
information about the
conditions that apply to the
transfer.
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