Which of the following individuals does not meet the IRS relationship test for dependency?

An item is included in gross income unless the tax law specifies that the item is subject to exclusion.

About two-thirds of the states are community property states.

Group term life insurance premiums paid by an employer for insurance amounts less than $50,000 must be included in the employee’s income.

In most cases, an individual taxpayer reports rental income and the related expenses on Schedule E.

Which of the following statements regarding the sale of a personal residence is true?

The exclusion of gain on the sale of a personal residence may be elected only by a taxpayer who has owned three or more residences.

Which of the following statements regarding the taxation of Social Security benefits is true?

Which of the following is considered a specified service trade or business (SSTB) for purposes of the qualified business income (QBI) deduction?

Under the specific charge-off method, a deduction for a bad debt is taken when the debt is determined to be worthless.