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17. Kyle sells a house with an FMV of $170,000 to his cousin for $120,000. From this transaction, Kyle is deemed to have made a

17. Kyle sells a house with an FMV of $170,000 to his cousin for $120,000. From this transaction, Kyle is deemed to have made a gift (before the annual exclusion) of A) $50,000. B) $170,000. C) $120,000. D) $0

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