All of the following items are taxable to the taxpayer receiving them, except: a. Life insurance proceeds

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All of the following items are taxable to the taxpayer receiving them, except: 

a. Life insurance proceeds 

b. Unemployment compensation 

c. Embezzled funds 

d. Prizes 

e. Gambling winnings 

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Income Tax Fundamentals 2019

ISBN: 9781337703062

37th Edition

Authors: Gerald E. Whittenburg, Steven Gill

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