Page 93 - Other Income for Individuals
P. 93

 You don’t include in your income any amount of your
                                                                       recovery that’s more than the amount you deducted in the
                                                                       earlier year. The amount you include in your income is
                                                                       limited to the smaller of:
                                                                            • The amount deducted on Schedule A (Form 1040), or
                                                                            • The amount recovered.






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             Recovery limited to deduction
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