If a Scholarship Does Not Satisfy the Requirements for a Gift

question 58

True/False

If a scholarship does not satisfy the requirements for a gift, the scholarship must be included in gross income.

---

Definitions:

DSL

Digital Subscriber Line, a family of technologies that provides high-speed internet access over telephone lines.

Cable

A medium used for the transmission of television signals, internet communication, and power.

Coaxial Cable

Insulated copper wire; used to carry high-speed data traffic and television signals.

Cable

A medium used for transmitting electrical power or signals, consisting of one or more wires enclosed in a protective sheath.