Question: 6 4 Brian borrowed $ 2 0 0 , 0 0 0 from his father at a rate of 6 % to purchase a rental
Brian borrowed $ from his father at a rate of to purchase a rental property. Brian's wife, Katie, won a lottery and gave Brian $ which he used to repay the loan. What statement is true? a any future rental income will be taxable to Brian's father b any future rental losses will be taxable to BrianOc any capital gains realized upon the sale of the property will be taxable to Brian d any future rental income will be taxable to Katie
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