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Match each scenario with whether it is considered taxable income. Match each scenario with whether it is considered taxable income: $3,500 loan forgiven by a

Match each scenario with whether it is considered taxable income.

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Match each scenario with whether it is considered taxable income: $3,500 loan forgiven by a friend $10,000 payment for illegal services 5200 received for dog sitting $1,250 increase in the fair market value of stock owned at the end of the year 4500 Football tickets received in exchange for maintenance performed on your friend's car 5100 found on the sidewalk 51,000 cash found in an old purse purchased at a flea market Yes, receipt of services Yes, income from bartering Services Yes, income due to debt forgiveness Yes, income from treasure trove Yes, income from treasure trove Yes, receipt of services MNo

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