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You received 1000 from deposit on house because the buyers did not come up with financing is this taxable income?
Wiki User
∙ 15y ago
Yes. Report this amount on line 21 as other income.
Wiki User
∙ 15y ago
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Is unearned revenue taxable?
Unearned revenue is taxable because cash has received and mostly tax authorities charge tax on amount received and not when it is earned.
Are certificate of deposits taxable?
No, the monies that are in your Certificate of Deposit are not taxable but the interest that you make on the deposited monies are taxable. You should receive a 1099-B each for the amount of interest made on the CD for the year. http://taxresolutionaries.blogspot.com
Is the Employees' Provident Fund pension received after retirement taxable?
No, it is not taxable
How do you deposit 50000 cash gifts for your new baby into the bank -in the USA- without being asked where it came from or paying taxes on it?
Cash and many transactions are reported under the Homeland Security laws...no big deal presuming your not a terrorist. The deposit, nor how you received it, is taxable to you.
Is a rebate taxable income?
None of the federal rebates that you may have received would be taxable.
What is a sentence for taxable?
Example sentence - She was surprised to learn the money she received for spousal support is taxable income.
Is gratuity taxable?
Yes the amounts are property, etc received would be taxable income to the receiver of the gratuity.
Is money received as a beneficiary from an estate taxable?
Money received as a beneficiary from an estate is not considered taxable. Money that is left on behalf of an estate is an inheritance and is considered to be tax free.
Is notice pay recovery amount taxable?
Yes it is possible that have some taxable income for a pay recovery, and if you have received such a notice saying that it is a taxable recovery amont, yes, it would be taxable income.
Is it true that Unemployment compensation benefits received are taxable to the person that receives them?
Yes - because it's classed as 'un-earned income'.
Is money received from your boyfriend taxable income?
depends where you live
Is the funds on my 1099R received as Occupational Disability Taxable?
yes
