1. Father owns land which he purchased sevarl years ago for 80,000. It has current FMV of 90,000. Father leases land on ten year lease and is paid 6,000 of rent each year, semi-annually April 1st and October 1.st (ie 3,000 each payment). What are the tax consequences to Father and Daughter in the following situations:

a. On April 2nd of current year, father assigns daughter all the future rental payments.

b. On April 2nd of current year, father gives daughter with the right to all the future rental payments.

c. On April 2nd of current year, father gives daughter 1/2 interest in the land and the right to all the future rental payments.

d. Father owns income interest trust in a trust which owns land the land and on April 2nd, Father gives income interest (the right to the succeeding rental payments) to daughter.

e. On December 31st, Father gives Daughter the land with the right to all future rental payments.

f. On April 2nd, F sells D the right to the two succeeding rental payments of 5,000, the FMV at time of the sale.

g. On April 2nd, F sells the land and directs that the 90,000 sale price be given to D.

h. Prior to April 2, F negotiates the above sale and on April 2 he transfers the land to D who transfers the land to buyer who pays D 90,000.