Constructive Receipt


Definition of "Constructive receipt"

Bill J. Deligiannis real estate agent
Bill J. Deligiannis, Real Estate Agent Charles Rutenberg Realty

Tax concept whereby income not actually received is considered to be constructively received by a taxpayer and thus must be reported. An example is a bond interest coupon. The interest is taxable in the year the coupon matures, even though the holder delays cashing it until a later year.

 

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