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True or False? John, a US citizen, and Ella, a Canadian citizen (her US tax status is non-resident alien) were recently married in Toronto, Canada,

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John, a US citizen, and Ella, a Canadian citizen (her US tax status is non-resident alien) were recently married in Toronto, Canada, where they reside. John is a shareholder in USAUSA,Inc, an S corporation. As a wedding gift, John gave 100 shares of his S corporation stock to Ella. This gift of stock to Ella will have no impact on the tax status of the USAUSA, Inc.

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