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Gross income consists of all income from whatever source derived, including gains derived from dealings in property. 61(a). Including any gains derived from dealings

Gross income consists of all income from whatever source derived, including gains derived from dealings in property. § 61(a). Including any gains derived from dealings in property, under § 61(a)(3). Services that are paid for in property, are included in income as compensation under the fair market value of said property. Treasury Regulation § 1.61-2(d)(1).

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