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Determine the taxpayers gross income for tax purposes for the following situation: Mary was the highest grossing sales person for her company and was awarded

Determine the taxpayers gross income for tax purposes for the following situation: Mary was the highest grossing sales person for her company and was awarded 2 tickets to an all-expense paid trip to the 2020 Summer Olympics in Japan. The fair market value of the trip is $20,000 on the day she was notified of the prize. The Summer Olympics have been cancelled and Mary has left the company and forfeited the prize.

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