Fred Miller, a teacher, had several additional sources of income during 2018. He received a ($ 500)

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Fred Miller, a teacher, had several additional sources of income during 2018. He received a \(\$ 500\) gift as a result of his helping a friend build a house, and he was assigned \(\$ 300\) of interest due his uncle on bonds his uncle owns. He also had the use of a van (value of \(\$ 1,000)\) for the year from his parents who were traveling. Further, he received free, \(\$ 600\) of gasoline for the van because he tutored the son of the station owner free of charge. What of the additional income must be included in his income tax return?

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CCH Federal Taxation 2019 Comprehensive Topics

ISBN: 9780808049081

2019 Edition

Authors: Ephraim P. Smith, Philip J. Harmelink, James R. Hasselback

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