Saved HW - Chapter 5 6 Help Save & Exit Submit Check my work Part 1 of 4 Required information Problem 5-66 (LO 5-3) [The following information applies to the questions displayed below.] 6.25 points Bart is the favorite nephew of his aunt Thelma. Thelma transferred several items of value to Bart. For each of the following transactions, determine the effect on Bart's gross income. (Leave no answer blank. Enter zero if applicable.) (8 02:12:00 eBook Problem 5-66 Part-a a. Thelma gave Bart an auto worth $27,400. Thelma purchased the auto three years ago for $21,500 Amount to be included Check my work Part 2 of 4 Required information Problem 5-66 (LO 5-3) [The following information applies to the questions displayed below.] . Bart is the favorite nephew of his aunt Thelma. Thelma transferred several items of value to Bart. For each of the following transactions, determine the effect on Bart's gross income. (Leave no answer blank. Enter zero if applicable.) 6.25 points % 02:11:40 Book References Problem 5-66 Part-b b. Thelma elects to cancel her life insurance policy, and she gives the cash surrender value of $17,700 to Bart. Amount to be included Accor of 4 Required information Problem 5-66 (LO 5-3) [The following information applies to the questions displayed below.) Comm Bart is the favorite nephew of his aunt Thelma. Thelma transferred several items of value to Bart. For each of the following transactions, determine the effect on Bart's gross income. (Leave no answer blank. Enter zero if applicable.) 02:11:27 eBook eferences Problem 5-66 Part-c (1) a tra (2) the alimony (3) in the the spou c. Bart is the beneficiary of a $145,000 whole life insurance policy on the life of Thelma. Thelma died this year, and Bart received $145,000 in cash. (4) the p: Amount to be included Commen HW - Chapter 50 Check my work Part 4 of 4 Required information Problem 5-66 (LO 5-3) [The following information applies to the questions displayed below.] 6.25 points Bart is the favorite nephew of his aunt Thelma. Thelma transferred several items of value to Bart. For each of the following transactions, determine the effect on Bart's gross income. (Leave no answer blank. Enter zero if applicable.) 8 02:11:17 eBook References Problem 5-66 Part-d d. Bart inherited 500 shares of stock from Thelma's estate. Thelma purchased the shares many years ago for $2,100, and the shares are worth $63,000 at her death Amount to be included