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In 2015 Betty loaned her son, Juan, $10,000 to help him buy a car. In 2017, before he repaid $10,000, Betty told Juan that she

In 2015 Betty loaned her son, Juan, $10,000 to help him buy a car. In 2017, before he repaid $10,000, Betty told Juan that she was "tearing up" the $10,000 note as a graduation present. How should Juan treat the amount forgiven?

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