Mr. SA, a real estate broker, just negotiated the sale of a home for a wealthy client.
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Mr. SA, a real estate broker, just negotiated the sale of a home for a wealthy client. Two days after the sale closed, he received a beautiful leather briefcase from the client with a card reading: "In grateful appreciation of your efforts over the past year."
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Is the briefcase a nontaxable gift ...View the full answer
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