Items Included in Gross Income Flashcards
1
Q
Items Included in Gross Income
A
(1) Compensation for services
(2) Income from business
(3) Gains from dealings in property
(4) Distributions from retirement plans
(5) Interest
(6) Dividends
(7) Rents
(8) Royalties
(9) Prizes and awards
(10) Illegal income
(11) Cancelation of indebtedness
(12) Income from interest in trust or estate
(13) Treasure trove
(14) Damages/settlements
(15) Amounts received under claim of right
