Posted by gary on November 06, 2000 at 00:46:01:
In Reply to: Treble Damages for Overcharge posted by R. Thomson on November 04, 2000 at 23:09:46:
: If a tenant in a rent-controlled apartment wins a rent overcharge suit against his landlord and wins treble damages for the overcharge, is the 2/3 portion of the award that exceeds actual damages taxable?
I think punitive damages in lawsuits are usually taxable. But I am not sure if this would be considered punitive damages (or how in heavens name the IRS would find out about 'em).
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