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Basic Federal Income Taxation: Gross Income: Gifts, Bequests, Prizes, and Donative Cancellations of Indebtedness

This lesson will provide users with scenarios in applying regulations concerning the exclusion of gifts, prizes, and related income from gross income calculations. Questions review Internal Revenue Code section 102.

Learning Outcomes

On completion of the lesson, the student will be able to:
1. Apply the rules under I.R.C. § 102 and all its sub-sections.

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Lesson Completion Time

20 minutes
CALI Topics
Lesson ID

TAX107
Runs in past 30 days

13

Lesson Authors

James Edward Maule

Professor of Law Emeritus

Villanova University School of Law

Charlene Luke

Hubert C. Hurst Eminent Scholar Chair in Law Professor and Associate Dean for Tax Programs

University of Florida Levin College of Law

Basic Federal Income Taxation: Gross Income: Gifts, Bequests, Prizes, and Donative Cancellations of Indebtedness

Learning Outcomes

Lesson Completion Time

CALI Topics

Lesson ID

Runs in past 30 days

Lesson Authors

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