Patrick Peterson purchased a $50,000 life insurance policy in 2005 . Between the 2005 purchase date and January 23,2013 , Patrick paid total premiums of $12,000. During the same period, Patrick received $2,100 of policy dividends. Patrick also purchased common stock in the company that issued the policy, and during the same period Patrick received taxable cash dividends of $902. On January 23,2013 , Patrick sold the policy to Christopher Carson for $11,000. Christopher made premium payments on the policy in the total amount of $7,000 until June 21, 2022, on which date Patrick died. Christopher Carson received the life insurance proceeds of $50,000 a few weeks after Patrick's death. How much gross income, if any must Christopher Carson report on his 2022 Form 1040