Business, 30.03.2020 22:02 rachelsweeney10

Which of the following must be included in Pete’s income? 1. Short-term capital gains of $10,000 from the sale of stock. 2. Long-term capital gains of $80,000 from the sale of real property. 3. Interest income from Pete’s savings account. 4. A gift from Pete’s brother of $15,000.

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Which of the following must be included in Pete’s income? 1. Short-term capital gains of $10,000 fro...

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