Business, 30.03.2020 22:31, mem8163

Cassie is preparing her federal income tax return. Which of the following items should be excluded from Cassie's gross income?

Royalties received by Cassie for her best-selling novel.

$100,000 in cash received by Cassie when her grandmother died.

Alimony received by Cassie from her ex-husband.

$5,000 of gain resulting from the sale of Cassie's favorite painting.

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Cassie is preparing her federal income tax return. Which of the following items should be excluded f...