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

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

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