Question: Chapter 2 Homework Problem 2-2 Jbn intuae eof d rosw lnoofon lis iends house in return for a used truck worth $6(00. How much John
Chapter 2 Homework Problem 2-2 Jbn intuae eof d rosw lnoofon lis iends house in return for a used truck worth $6(00. How much John installed a new roof on his friend's house in return for a used truck worth $6,000. How much income, if any, must John report on his tax return for his services? Problem 2-4 The Nature of Gross Income (LO 2.1) Kerry and Jim have a successful marijuana farm in the woods around Humboldt County, California. Growing marijuana is illegal for federal purposes. Are Kerry and Jim required by law to report the income from their farm on their tax return? because illegal incomet taxable since there isexclusion exception in the tax code
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