11. 12. 13. 14. A donor making a gift to a related party receives a miscellaneous itemized deduction for the amount of the gift. A portion of social security benefits received by an individual who is single must be included in gross income if the recipient has adjusted gross income in excess of a base amount of $25,000. Parties holding title to property as tenants in common will be taxed on their proportionate share of income produced by the property based on their contribution of ownership of the property. Gross income may be received via cash, receivables, property, and land, but not any any other form of economic benefit.