b. One thousand shares of GM stock worth $208 per share inherited from Gradys uncle. The uncle purchased the shares for $47 each, and the shares are worth $213 at year-end. Is this payment realized income?

amount to be included=

d. A loan of $6,100 for school expenses from Gradys aunt.

Is this payment realized income?

amount to be included=

Required information [The following information applies to the questions displayed below.] Grady is a member of a large family and received the following payments this year. For each payment, determine whether the payment constitutes realized income and determine the amount of each payment Grady must include in his gross income. (Leave no answer blank. Enter zero if applicable.) Required information [The following information applies to the questions displayed below.] Grady is a member of a large family and received the following payments this year. For each payment, determine whether the payment constitutes realized income and determine the amount of each payment Grady must include in his gross income. (Leave no answer blank. Enter zero if applicable.)