1. Sandy gives a gift of $12,000 to each of the following people. Each of them used the money they received from Sandy to invest in shares of publicly trading companies. In which situation will the resulting dividend income NOT be attributed to Sandy?

1. The gift is to Sandys long-time business partner.
2. The gift is to Sandys wife.
3. The gift is to Sandys 14 year old nephew.
4. The gift is to Sandys 10 year old daughter.