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Income Tax Planning
Chapter 4: Gross Income from Personal and Investment Activities/INCOME TAX ISSUES ASSOCIATED WITH GIFTS OF
Warren Academy Course SyllabusSyllabus Slides
Chapter Study Session

Chapter 4: Gross Income from Personal and Investment Activities

INCOME TAX ISSUES ASSOCIATED WITH GIFTS OF

01.Core Concepts

DEBT INSTRUMENTS • Donee and donor report interest income based on number of days the instrument was held, regardless of who receives the payment. • There may also be gift, estate, and generation-skipping transfer tax consequences.