Which of the following is excluded from gross income on an individual's 2017 tax return? a. January
Question:
a. January 2018 rent received in December 2017.
b. Value arising from personal use of company vehicle in 2017.
c. Dividends announced by a C corporation in December 2016 and received in January 2017.
d. Refundable security deposit received in January 2017 for a lease ending in July 2018.
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
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d Refundable secu...View the full answer
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Related Book For 
South Western Federal Taxation 2018 Essentials Of Taxation Individuals And Business Entities
ISBN: 9781337386173
21st Edition
Authors: William A. Raabe, James C. Young, Annette Nellen, David M. Maloney
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