In June of 2020, Kevin inherits stock worth $125,000. During the year, he collects $5,600 in dividends
Question:
In June of 2020, 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 2020?
$____________
Why?______________________________________________________________________________________________________________________________________________________________________________
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Related Book For 
Income Tax Fundamentals 2021
ISBN: 9780357141366
39th Edition
Authors: Gerald E. Whittenburg, Martha Altus-Buller, Steven Gill
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