Question: A gift Blank______. Multiple choice question. is included in the gross income of the person receiving the gift and subject to income tax may be

A gift Blank______. Multiple choice question. is included in the gross income of the person receiving the gift and subject to income tax may be subject to "gift tax" which is paid by the person receiving the gift is included in the gross income of the person giving the gift and subject to income tax may be subject to "gift tax" which is paid by the person giving the gift

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