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State whether True or False and please be sure your answer is right, thank you. 4. 5. The donor of a gift is not entitled

State whether True or False and please be sure your answer is right, thank you.

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4. 5. The donor of a gift is not entitled to a deduction "from" adjusted gross income. The value of a stock distribution classified as a distribution on preferred stock is generally a non taxable event to the recipient shareholder. An amount paid by the Veterans Administration to a family member of a military disabled veteran as a subsistence allowance is excluded from gross income. 6

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