Not all the money you receive is taxable, TAXABLE MONEY IS GROSS INCOME MINUS DEDUCTIONS, although the majority of it is. if you sold something for what it actually cost the basis then you are paying a tax on it. It doesn’t matter if you worked for it, earned it or if it was something back you got from a investment. If it can make you rich the irs wants you to pay taxes on it.
Types of taxable income include the following:
Energy conservation subsidies
You upgraded your home’s air conditioning system and got a rebate from your electric service provider as a reward for your energy saving efforts. That financial thank-you from a public utility, either as a direct or indirect subsidy for the purchase or installation of a home energy conservation measure IS ALL TAX FREE.