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Which of the following statements is false? a.Recipients of the Nobel Peace Prize must include the prize in gross income. b. Under the terms of

Which of the following statements is false?

a.Recipients of the Nobel Peace Prize must include the prize in gross income.

b. Under the terms of a divorce decree, Harold transferred his one-half interest in the marital residence to his former wife Francine. Francine must include the value of the interest in gross income.

c.Gifts are not included in the recipient's gross income.

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