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Does Rachel include this in her Gross Income

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Reference no: EM132903038

Question - Tired of all of the clutter in her home, Rachel holds a garage sale where she sells a bunch of old furniture, clothes, dishes, toys, small appliances, etc., which she had used in her home over the years. Nothing that she sold was valuable. When she counted the money in her till at the end of the day, she had $300 in cash.

a. Does Rachel include this $300 in her Gross Income under current law? 

b. Why or why not?

Reference no: EM132903038

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