Rev. Rul. 69-110
Rev. Rul. 69-110; 1969-1 C.B. 203
DOCUMENT ATTRIBUTES
- Cross-Reference
26 CFR 1.1302-2: Adjusted taxable income.
- LanguageEnglish
- Tax Analysts Electronic Citationnot available
Citations: Rev. Rul. 69-110; 1969-1 C.B. 203
Obsoleted by Rev. Rul. 76-565
The taxpayer was the owner of a ticket entitling him to participate in a State lottery and won a specified amount of money attributable to the ticket. Held, the amount won is wagering income within the meaning of section 1302(b)(3) of the Internal Revenue Code of 1954 and the income averaging provisions of section 1301 through 1305 of the Code do not apply to such amounts of income.
DOCUMENT ATTRIBUTES
- Cross-Reference
26 CFR 1.1302-2: Adjusted taxable income.
- LanguageEnglish
- Tax Analysts Electronic Citationnot available
