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All of the following must be included in income and reported on a tax return EXCEPT: Gambling winnings of $500. Qualified dividends of $750. Royalty
All of the following must be included in income and reported on a tax return EXCEPT:
- Gambling winnings of $500.
- Qualified dividends of $750.
- Royalty payments of $1,500.
- A $5,000 scholarship received by a degree candidate and used to pay tuition at a state university.
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