Henrik inherits $$2$ million from his friend, Jesper, who recently died. Henrik decides that he does not need this money, so he chooses to give $$1$ million each to his son, Ilyas, age $25,$ and his daughter, Greta, age $15.$ He asks his advisor, how the attribution rules will be applied. He assumes that his children will spend some of the money but invest some as well.

a$.$

Both income and capital gains and losses from Greta$$s investing activities will be attributed back to Henrik, but there will be no attribution from Ilyas$$ investment of the money.

b$.$

There will be no attribution from either income or capital gains or losses because the money came from an inheritance from a third party, not a family member.

c$.$

Income gains and losses from Greta$$s investing activities will be attributed back to Henrik, but there will be no attribution from Ilyas$$ investment of the money.

d$.$

Income gains and losses from both Greta$$s and Ilyas$$ investment activity will be attributed back to Henrik, but not capital gains and losses.