In June of 2016, Kevin inherits stock worth $125,000. During the year, he collects $6,500 in dividends

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In June of 2016, Kevin inherits stock worth $125,000. During the year, he collects $6,500 in dividends from the stock. How much of these amounts, if any, should Kevin include in his gross income for 2016? $_________________ Why? ____________________________
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Income Tax Fundamentals 2017

ISBN: 9781305872738

35th Edition

Authors: Gerald E. Whittenburg, Steven Gill, Martha Altus Buller

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