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In the current year k gifted shares of a public corporation to his spouse. The shares, that originally cost $14,000, had a value of $18,000
In the current year k gifted shares of a public corporation to his spouse. The shares, that originally cost $14,000, had a value of $18,000 at the time of the gift. During the year, K's spouse received an eligible dividend of $500 from the public corporation. What amount, if any, is included in K's net income for tax purposes in the current year? $
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