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  3. if an amount is ordinary income to a recipient: -

If an amount is ordinary income to a recipient: - It will never be foreign...

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Accounting

If an amount is ordinary income to a recipient:

- It will never be foreign source income;

- It may also be included in the recipient's assessable income via a statutory income provision but the rules about ordinary income will prevail.

- It may also be included in the recipient's assessable income via a statutory income provision.

- If it is also included in the recipient's assessable income via a statutory income provision then usually the statutory income provision will prevail.

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