Minimum 200words for each question.

1. Why might an individual who has held an appreciated capital asset for eleven months want to delay the sale of the asset?

2. May an employee exclude meals and lodging provided by her employer from gross income?If so, under what conditions?

3. Why is the distinction between alimony and a divorce property settlement important for tax purposes?

4. During 2019, Jones has cash receipts for wages of $13,000; interest income on U.S. Treasury bonds of $350; and workers' compensation following a job-related injury of $8,500. What amount of gross income should Jones report on his 2019 federal income tax return?Explain.