Question: Tyrell and Casey own a Corporate bond with a value of $15,000. The bond pays $1,000 per year in interest. Tyrell and Casey gift the

Tyrell and Casey own a Corporate bond with a value of $15,000. The bond pays $1,000 per year in interest. Tyrell and Casey gift the bond to their son, Carter, on January 1, 2019. Carter's taxable income from the receipt of the bond and the bond interest paid in 2019 is:

Group of answer choices

$ 2,000

$ 16,000

$ 15,000

None of these

$ - 0 -

$ 1,000

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