Ivan Trent,age Five,receive $2,900 of Dividends Per Year from a Mutual

True/False

Ivan Trent,age five,receive $2,900 of dividends per year from a mutual fund he owns;it is his own source of taxable income.Ivan's parents plan to gift a corporate bond they currently own to him.The bond pays $2,100 of interest income per year.The Trent family overall will save taxes if the bond is transferred to the child.