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Marlon and his brother, Rolan, each own farms. Rolan is experiencing severe financial dimculties and cannot afford to buy feed for his cattle. Marion purchases

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Marlon and his brother, Rolan, each own farms. Rolan is experiencing severe financial dimculties and cannot afford to buy feed for his cattle. Marion purchases $2,000 of feed and gives Rolan one-half of the feed Marlon tells Rolan that there is no need to repay him and to consider the feed a gift Which of the following statements is true? Select one a Marion can deduct $2.000 for the eed Rolan must report $1,000 as income None are true Marion can deduct $1.000 for the feed

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