Salazar and child, Tahmores, are cash basis taxpayers. Salazar gave Tahmores a corporate bond with a face amount and fair market value of $10,000. On the date of the gift, September 30, 2023, the accrued interest on the bond was $150. On December 31, 2023, Tahmores collected $300 interest on the bond. Salazar is taxed on the $150 accrued interest, and Tahmores must include in gross income the $150 interest earned after the date of the gift. True False