Describe the rules for taxation of each of the following types of income.  Each response should be 1/3 to ½ page._x000D_
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1. Long Term Capital Gains and Losses_x000D_
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2. Annuity income_x000D_
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3. Amounts received from settlement of lawsuits or from court judgments. Specify the different treatment for (a) compensation for pain and suffering, (b) punitive damage awards, (c) compensation for mental and emotional distress, (d) compensation for lost wages_x000D_
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4. Discharge of Indebtedness Income_x000D_
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5. Scholarships_x000D_
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6. Divorce payments: Alimony vs. Child Support vs. Property Division_x000D_
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