In June of 2018, Kevin inherits stock worth $125,000. During the year, he collects $5,600 in dividends

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In June of 2018, Kevin inherits stock worth $125,000. During the year, he collects $5,600 in dividends from the stock. How much of these amounts, if any, should Kevin include in his gross income for 2018? Why? $ 


SCHEDULE B OMB No. 1545-0074 Interest and Ordinary Dividends (Form 1040) 2018 Go to www.irs.gov/ScheduleB for instructio

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Income Tax Fundamentals 2019

ISBN: 9781337703062

37th Edition

Authors: Gerald E. Whittenburg, Steven Gill

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