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Question 2 of 6. Which of the following taxpayers is required to file Form 7092 Doug gave his wife, Sally, a piece of art purchased
Question 2 of 6. Which of the following taxpayers is required to file Form 7092 Doug gave his wife, Sally, a piece of art purchased at auction for $1.2 million. The art was later appraised for 515 million. Both Doug and Sall Millicent gave her husband, Jean-Paul, a condo valued at $175,000 Millicent retained no control over the condo and received nothing of valu Pablo purchased a $39,500 car for his wife, Maria. The car was titled in Maria's name solely, Pablo is a US citizen, and Maria is a citizen of Billy gave his wife, Cathy, a diamond necklace valued at over $20,000. Baly and Cathy are both US citizens Which of the following taxpayers is required to file Form 709? O Doug gave his wife, Sally, a piece of art purchased at auction for 512 million. The art was later appraised for $15 milion. Both Doug and Sally are US citizens Mint gave her husband, Jean Paul acondo valued at $175.000 Millicent retained no control over the condo and received nothing of value in exchange Millicentis Pablo purchased a $39.500 car for his wife, Marie The car wasted in Maria's name solely Pablo is a US citron and Maria is a cien of Mexico Billy gave his wife, Cathy, a diamond necklace valued at over $20,000 Bay and Cathy we both US citizens
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