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This year Dan and Mike purchased realty for $180,000 and took title as equal tenants in common. However, Mike was able to provide only $35,000

This year Dan and Mike purchased realty for $180,000 and took title as equal tenants in common. However, Mike was able to provide only $35,000 of the purchase price and Dan paid the remaining $145,000. What is the total amount of taxable gifts made by Dan to Mike?

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