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Question 6 Chris and Jenn made the following gifts this year: Chris gave their son, Evan, a car worth $ 4 , 0 0 0
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Chris and Jenn made the following gifts this year:
Chris gave their son, Evan, a car worth $ owned as community property. Chris also gave his son his stamp collection separate property valued at $
Chris gave his brother Stephen $ of Chris' separate property so Stephen could purchase a new home.
Chris gave his sister Heather $ in cash from his and Jenn's joint checking account which consists only of community property. He also gave Heather a piece of land he pluchase
Jenn, valued at $
After the gift, how is Evan's ownership of the car classified?
Sole Ownership.
Joint Tenancy with Chris.
Tenancy in Common with Chris and Jenn
Community Property with Evan's wife Michelle.
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