LO.1 Which of the following items are exclusions from gross income?

a. Alimony payments received from a divorce settlement in 2016.

b. Damages award received by the taxpayer for personal physical injury-none were for punitive damages. C. A new golf cart won in a church raffle.

d. Amount collected on a loan previously made to a college friend.

e. Insurance proceeds paid to the taxpayer on the death of her uncle-she was the designated beneficiary under the policy. Interest income on City of Chicago bonds.

f. g. Jury duty fees. h. Stolen funds the taxpayer had collected for a local food bank drive. i. Reward paid by the IRS for information provided that led to the conviction of the taxpayer's former employer for tax evasion. An envelope containing $8,000 found (and unclaimed) by the taxpayer in a bus station.