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Jan sells her yacht to her son for $750,000. The fair market value of the yacht at the time of the sale is $1.2 million.
- Jan sells her yacht to her son for $750,000. The fair market value of the yacht at the time of the sale is $1.2 million. The amount of this bargain sale transaction that may be subject to gift tax is:
|
| $300,000 | |
|
| $750,000 | |
|
| $450,000 | |
|
| $1,200,000 |
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Anti Fraud Risk And Control Workbook
Authors: Peter Goldmann, Hilton Kaufman
1st Edition
0470496533, 978-0470496534
