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Kait loaned her son, Jake, $ 7 0 4 0 0 for six months. Jake used the $ 7 0 4 0 0 to pay
Kait loaned her son, Jake, $ for six months. Jake used the $ to pay off college loans. The Federal rate was and Kait did not charge Jake any interest. Jake had dividend and interest income of $ for the tax year.
What is the loan's impact on Kait's gross income?
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