Question

In calculating provisional income for purposes of determining the taxability of Social Security benefits, all of the following items are included except

1. Taxable Social Security benefits
2. Tax-exempt interest
3. Pension income
4. Capital gains from the sale of personal property

Answer 1

In calculating provisional income for taxability of Social Security benefits, all items are included except capital gains from the sale of personal property.4. Capital gains from the sale of personal property

Step-by-step explanation:

In calculating provisional income for purposes of determining the taxability of Social Security benefits, all of the following items are included except Capital gains from the sale of personal property. Taxable Social Security benefits, tax-exempt interest, and pension income are all included in the calculation of provisional income.