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This year Dan and Mike purchased realty for $265,000 and took title as equal tenants in common. However, Mike was able to provid only
This year Dan and Mike purchased realty for $265,000 and took title as equal tenants in common. However, Mike was able to provid only $61,000 of the purchase price and Dan provided the remaining $204,000. Required: a-1. Has Dan made a complete gift to Mike? a-2. What is the amount of the gift? Complete this question by entering your answers in the tabs below. Required A1 Required A2 Has Dan made a complete gift to Mike? Yes No
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