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Father made an interest-free loan of $25,000 to son who used the money to buy an suv. Son had $1,600 interest income from a certificate

Father made an interest-free loan of $25,000 to son who used the money to buy an suv. Son had $1,600 interest income from a certificate of deposit for the year. Father is not required to impute interest income.

A. True

B. False

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