27. Describe in detail when a completed gift occurs for Federal income tax purposes. Compare the Federal income tax treatment of: 1) the receipt of gifted property by the donee; 2) the income generated by that gifted property while in the hands of the donee; 3) the sale of the gifted property by the donee for cash; and 4) the sale of inherited property by the beneficiary for cash. Include in your analysis a discussion of any relevant case law