Gross income A$.$ During this transaction, you can exclude the first $$250,000($$$500,000$ for married taxpayers$)$ of gain on sale.

Active income B$.$ This term includes wages, salaries, bonuses$/$commissions$,$ and interest$/$dividends$/$alimony$.$

Portfolio income C$.$ Using taxable income, it is based on tax tables or tax rate schedules.

Passive income D$.$ This term includes expenses that can only offset portfolio income.

Investment expenses E$.$ This term refers to passive income offset.

Real estate or limited partnership expenses F$.$ This term refers to income earned on the job.

Capital gains G$.$ This term refers to an asset sold for more than its original value.

Sale of a home H$.$ This term refers to gross income less adjustments, deductions, and exemptions.

Taxable income I. This term includes income from tax shelters.

Tax liability J$.$ This term refers to earnings and capital gains generated from investment holdings.