They are generally of the style and type of the multiple choice questions which you will be asked to answer in Part II of your examination. You will see that these questions are somewhat dated. It is possible, therefore, that the law today may be different from the law as it was at the time a particular question was used. In 1963 T donated his interest in the securities, subject to the loan, to Harvard College. T has no charitable contribution deduction since in effect the transaction is a sale rather than a gift.
T is a college professor who lives and works in New Haven, Connecticut.
During the summer of 1965 he traveled to California with his family to teach in a summer school session. T cab deduct as business expenses. None of the above is true. T, a doctor, has been employed by a state hospital as a medical supervisor. State regulations require T to live at the hospital, if suitable housing is available, and his salary is fixed on the assumption that housing will be provided for him and his family.