Identify where the following items show up on the first two pages of the 2017 Form 1040. Why is this significant?

• Gross income (realized income from whatever source derived minus excluded or deferred income)
• For AGI deductions
• Schedule C Business Income and Expense
• Schedule E Rental Income and Expense
• Schedule D Gains and Losses
• Alimony Income and Alimony Expense
• Standard or Itemized Deductions
• Exemptions
• Tax

In addition, list one item of gross income that is excluded from income. Explain why it should be excluded.