Instructions

1. Select a case from the list.
   • A married couple has sold their primary residence and needs to determine if they must report a taxable gain. (Gain on sale of personal residence - Sec 121.)
   • Taxpayer A's employer reimbursed her for moving expenses from....
   • Fringe benefits
   • Income from discharge of indebtedness
   • Educational assistance programs - Sec 127
   • Certain military benefits - Sec 134
   • Disaster relief payments - Sec 139
   • Unemployment benefits
2. Research the topic.
3. Document your specific findings below (briefly).
4. Describe specific examples of how and when the criteria apply or do not apply to AGI.

Research Topic [Topic Name/Description]

Primary Sources

[Identify the sources specifying code, section, and subsection as applicable.]

Parameters

[List parameters for deductibility for your topic.]

Example of Applying AGI

[Describe a scenario of qualifying for AGI adjustment explaining how and why the client meets the criteria.]

Example of Not Being Able to Apply AGI

[Describe a scenario ofnot qualifying for AGI adjustment explaining how and why the client didn't meet the criteria.]

Tax Planning Implications

[Explain how might this impact tax planning implications?]