Page 197 - Other Income for Individuals
P. 197

Other Income





    Indian fishing rights.



        If you’re a member of a qualified
         Indian tribe that has fishing rights
         secured by treaty, executive
         order, or an Act of Congress as of
         March 17, 1988, don’t include in
         your income amounts you receive
         from activities related to those
         fishing rights.

        The income isn’t subject to                                                                  Interest on frozen deposits.
         income tax, self-employment tax,

         or employment taxes.                                                                             In general, you exclude from
                                                                                                           your income the amount of
                                                                                                           interest earned on a frozen
                                                                                                           deposit.

                                                                                                          See Interest income on frozen
                                                                                                           deposits. in chapter 6.




                                                                       /!| See our free e-book for interest income:

                                                                       https://online.flipbuilder.com/trainbyus/uund/




                                                                                                                                    195
   192   193   194   195   196   197   198   199   200   201   202