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25 April, 14:23

A gift received from a financial institution for opening a bank account is not taxable income to the recipient. True False

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Answers (2)
  1. 25 April, 16:32
    0
    Answer: False

    Explanation:

    the fair market value of gifts or services a taxpayer receives for opening a bank account is taxable income.
  2. 25 April, 18:20
    0
    Answer: False

    Explanation:

    It a taxable income
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