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Clay is preparing his federal income tax return. Which of the following items should be included in Clays gross income? Unrealized gains in Clay's investment
Clay is preparing his federal income tax return. Which of the following items should be included in Clays gross income?
Unrealized gains in Clay's investment account. | ||
Child support payments paid to Clay by his ex-wife. | ||
Rental payments made to Clay by tenants living in a house that Clay owns. | ||
$10,000 that Clay received as a gift from his favorite aunt. |
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