Can you help me with the following Tax problem :Carline$$s son, Leon, $10,$ is a musical prodigy. Carline, also a musical person, has spent a significant amount of time teaching Leon music and promoting his possible career. When Leon finally receives a recording contract, Carline is designated in the contract to receive one$-$half of Leon$$s total earnings. Discuss the proper recognition of gross income and related deductions concerning this arrangement.

Assume all questions are for tax year $2023.$

Can you answer in a powerpoint version of not more than $12$ minutes long