AlexanderS08
Expert Alumni

Get your taxes done using TurboTax

The income is ordinary income. Unfortunately, it will not receive preferential capital gains rates.

 

That being said, there are several ways you can exclude the income so I would advise you to review those exclusion criteria to see if that might be an option.

 

@William-Russel1

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"