David wants to sell his home way below market value to his son, Jerry. This is an example of ______ and Jerry would ______.

Inheritance; have to pay an Inheritance tax because Jerry is inheriting David's property.Imputed Income; have to pay taxes because there is an economic advantage given from seller to buyer.Imputed Income; not have to pay taxes because imputed income is always taxed.Inheritance; not have to pay Inheritance tax because Jerry would receive it after David died