Question 40 Which of the following would result in gross income to the taxpayer?...
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Question Which of the following would result in gross income to the taxpayer? Taxpayer debt to his father is forgivencanceled by the father upon the father's death. Taxpayer receives cash proceeds from a home equity lon Taxpayer receives alimony from a divorce. Taxpayer performs services and receives equalvalue services in return. 
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Which of the following would result in gross income to the taxpayer?
Taxpayer debt to his father is forgivencanceled by the father upon the father's death.
Taxpayer receives cash proceeds from a home equity lon
Taxpayer receives alimony from a divorce.
Taxpayer performs services and receives equalvalue services in return.
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