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John sells real estate with a current fair market value of $2 million and a basis of $500,000 to his son and daughter. In exchange

John sells real estate with a current fair market value of $2 million and a basis of $500,000 to his son and daughter. In exchange for the property, Johns children agree to pay John for the property on a monthly basis for his lifetime and the lifetime of Susie, his wife. This transaction is most likely:

a. An incomplete gift.

b. SCIN.

c. Private annuity.

d. Life settlement.

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