What conditions must be met for an award to qualify for an exclusion under Sec. 74?

A.

For an award to be excluded it must be made through love, affection, kindness, sympathy, generosity, admiration, or similar emotions. The award must not be made for a business motive and the recipient must be able to use the award within 12 months of receiving it.

B.

For an award to be excluded it must be made for religious, charitable, generosity, affection, scientific, or kindness. The award must not be made to an individual recipient but made selflessly to the organization to be used in a way they choose.

C.

For an award to be excluded it must be made to a charitable organization through sympathy or generosity. The recipient must not be someone the taxpayer knows and must only be for future services the charitable organization provides.

D.

For an award to be excluded it must be made for religious, charitable, scientific, educational, artistic, literary, or civic achievement. The recipient must be selected without action on his or her part, and the recipient may not be required to perform any substantial future service. In addition, the recipient must contribute the proceeds to a charity.