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19 June, 03:11

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. 19 June, 04:25
    0
    Answer: False

    Explanation:

    It a taxable income
  2. 19 June, 06:01
    0
    Answer: False

    Explanation:

    the fair market value of gifts or services a taxpayer receives for opening a bank account is taxable income.
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