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Ji-Yung is 14 years old and a young entrepreneur. She is interested in investing some of her savings in real estate. She recently found a

Ji-Yung is 14 years old and a young entrepreneur. She is interested in investing some of her savings in real estate. She recently found a small house that she can rent out to college students. Her dad has agreed to the idea. Ji-Yung and her dad learned that the property will need to be held in a custodial account until Ji-Yung turns 21. Which custodial account can be used in this situation?

Neither UGMA or UTMA.

Either UGMA or UTMA.

UTMA.

UGMA.

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