49.

Which of the following statements is false? ( A)Generally, any item not specifically excluded from gross income by a section of the Internal revenue Code is taxable because gross income is broadly defined by IRC $61. ( B)Christmas turkeys given by an employer to all his employees are excludible from gross income as "gifts." O C)Gifts are nontaxable to donee if made with donative intent and without consideration in money or money's worth. ( D) The rents received from rental property acquired as an inheritance are not excludible from income as a gift. O E) None of the above statements are false