1. Dividend income - $2,750 ordinary dividends from TXT Co of which $2,500 was qualified.

Does this mean that 2,500 is qualified and 250 is non-qualified? And if that is the case where on a tax return will this fall under?

2. The taxpayers sold their boat (personal-use) that they had owned for three years at a loss of ($6,000).

If a taxpayer sells a personal used asset at a loss do you deduct it?

3. In 2015 the taxpayers won $100,000 in the McDonalds Monopoly game. The winnings are paying out over five years ($20,000 per year). This year the couple received $20,900.

Does game show winnings go into gross income? If so do you only record what is received or do you put the whole amount into it?