5. Taxpayer ("T"), a cash basis individual taxpayer, lent money to each of his two daughters ("D1" and "D2") on January 1 of the current year. Tlent $50,000 to D1 and $110,000 to D2. T did not charge any interest on the loans. D1 was 19 years old and used the $50,000 to open a brokerage account which invested in stocks. D1 had $300 of net investment income during the year. D 2 was 26 years old and used the loan to renovate her personal house. D2 had no investment income during the year. The applicable federal rate "AFR" is a 5% annual rate. The loans were outstanding for the entire year. What amount of income, if any, will T include on T's individual income tax return as a result of the loan to D1 D2 6. Taxpayer ("T") a 59-year-old calendar year individual taxpayer purchased an annuity from an insurance company for $100,000 in 2019. The terms of the annuity were that the company would pay T $5,000 a year to T for the rest of T's life. How much income will include in T's personal income tax return as a result of receiving the $5,000 payment in 2020? In 2050? An ninale 66 arald individual whole a US citizen. T turned 65 in