Kristen had the followig transactions for 2008: Salary, moving expenses incurred to change jobs, inheritiance received from deceased uncle, life insurance proceeds from policy on uncle's life (Kristen was named the beneficiary), cash prize from church raffle, payment of state income tax. What is Kristen's AGI for 2008?© BrainMass Inc. brainmass.com June 3, 2020, 11:38 pm ad1c9bdddf
AGI will consist of the following:
Cash prize from church ...
The solution explains the nature of each income item and whether it is taxable. If so, the solution states whether it is FOR AGI or FROM AGI.