Martinndungu1986
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ACTG 138 questions with answers
$1,233 interest received at maturity on a 36-month original issue discount bond - Part included, part excluded $1,300 income from a part-time business - Included $100 winnings from slot machine in Vegas - Included $110,000 FMV of property received as part of a property settlement pursuant to divorce. Transferor's basis for the property was $35,000. - Excluded $12,000 alimony received from 2019 divorce - Excluded $12,000 Social Security benefits received; adjusted gross income not includi...
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$1,233 interest received at maturity on a 36-month original issue discount bond - Part included, part excluded $1,300 income from a part-time business - Included $100 winnings from slot machine in Vegas - Included $110,000 FMV of property received as part of a property settlement pursuant to divorce. Transferor's basis for the property was $35,000. - Excluded $12,000 alimony received from 2019 divorce - Excluded $12,000 Social Security benefits received; adjusted gross income not includi...