In 2023, Penny Hardaway and his son purchased real estate for an investment. The price of the property was $636,000, and the title named Penny and his son as joint tenants with the right of survivorship. Penny provided $360,000 of the purchase price and his son provided the remaining $276,000. Has Penny made a taxable gift and, if so, in what amount? Multiple Choice Penny has made a taxable gift of $180,000. Penny has made a taxable gift of $43,000. Penny has made a taxable gift of $21,500. Penny has made a taxable gift of $25,000. None of the choices are correct-Penny did not make a taxable gift