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in the current year k gifted shares of a public corporation to his spouse. The shares that originally cost $12,000 had a value of $16,000
in the current year k gifted shares of a public corporation to his spouse. The shares that originally cost $12,000 had a value of $16,000 at the time of the gift. During the year, k spouse received an eligible dividend of $400 from the public corporation.what amount if any is included in k net income for tax purposes in the current year?
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