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Problem 16-5 (static) Question Help Upon her grandmother's death, So-hyun received $100,000 to use for college expenses or for starting her family. The money is
Problem 16-5 (static) Question Help Upon her grandmother's death, So-hyun received $100,000 to use for college expenses or for starting her family. The money is in a checking account for Sohyun to use as she chooses. How much tax does So-hyun own on the gift from her grandmother? (Select all the choices that apply.) .it ng A. The receiver of a gift does not owe any tax on gifts received B. So-hyun's grandmother's estate may have a gift tax liability dependent upon her indivdual circumstances. C. So-hyun will not owe income taxes on interest earned on the gift while it is held in her checking account because gifts are non-taxable. D. So-hyun will owe income taxes on interest eamed on the gift while it is held in her checking account. onal F Click to select your answers) and then click Check Answer licy All parts showing Clear All a e to search O
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