When does a severance payout count as income...is it the separation date or the actual pay out date?

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JPL answered a question in Tax Issues.
176 points

JPL answered one month ago …

Hi, Packer2007 ,
In Canada, it’s the actual payout date.
I’m guessing, but with a very high probability, that it’s the same in the States as well.

Hope the above helps.

JPL
10/12/2009

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