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§The
original gift is returned or any other property that may reasonably
be considered compensation for or a substitution, in whole or in
part, the original gift, is transferred to the corporation or
individual
–No information return required
if the return of the original gift is reasonable
consideration or remuneration for property acquired by or services rendered
to a person
–Every information return (e.g. a
letter) that is required to be filed must contain:
§A
description of the returned gift
§The FMV of
the returned gift at the time of the return
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