Hal Gore won a $1.5 million prize for special contributions to environmental research. This prize is awarded for public achievement, and Hal directed the awarding organization to transfer $517,500 of the award to the Environmental Protection Agency. How much of the prize should Hal include in his gross income? A. $517,500. B. $982,500. C. $1.5 million. D. None of the choices are correct because all prizes are excludible. E. None of the choices are correct because prizes from charities are excludible.
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