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3 September, 08:35

Indicate whether the following items are "Included in" or "Excluded from" gross income. a. Alimony payments received (relates to a divorce settlement in 2016). b. Damages award received by the taxpayer for personal physical injury-none were for punitive damages. c. A new golf cart won in a church raffle. d. Amount collected on a loan previously made to a college friend. e. Insurance proceeds paid to the taxpayer on the death of her uncle-she was the designated beneficiary under the policy. f. Interest income on City of Chicago bonds. g. Jury duty fees. h. Stolen funds the taxpayer had collected for a local food bank drive. i. Reward paid by the IRS for information provided that led to the conviction of the taxpayer's former employer for tax evasion. j. An envelope containing $8,000 found (and unclaimed) by the taxpayer in a bus station.

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  1. 3 September, 11:34
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    The list of items is as follows:

    a. Alimony payments received (relates to a divorce settlement in 2016) - Included in

    b. Damages award received by the taxpayer for personal physical injury-none were for punitive damages - Excluded from

    c. A new golf cart won in a church raffle - Included in

    d. Amount collected on a loan previously made to a college friend - Excluded from

    e. Insurance proceeds paid to the taxpayer on the death of her uncle-she was the designated beneficiary under the policy - Excluded from

    f. Interest income on City of Chicago bonds - Excluded from

    g. Jury duty fees - Included in

    h. Stolen funds the taxpayer had collected for a local food bank drive - Included in

    i. Reward paid by the IRS for information provided that led to the conviction of the taxpayer's former employer for tax evasion - Included in

    j. An envelope containing $8,000 found (and unclaimed) by the taxpayer in a bus station - Included in
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