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A and B, who are parent and child, respectively, own adjoining lots in a residential area, each worth $40,000. A needs $20,000 for personal use.

A and B, who are parent and child, respectively, own adjoining lots in a residential area, each worth $40,000. A needs $20,000 for personal use. A offers B As lot for $20,000, and B buys it for that price. Is there any gift?

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