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Denny owns a 12-unit apartment building. His total monthly rent from the building is $12,000. Denny tells his son Gary that he can have the
Denny owns a 12-unit apartment building. His total monthly rent from the building is $12,000. Denny tells his son Gary that he can have the rents from all the apartments for two months. Which of the following will be used to determine whether Denny or Gary will be taxed on the two months of rent that Denny gives to Gary.
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