This year Don and his son purchased real estate for an investment. The price of the property was $500,000, and the title named Don and his son as joint tenants with the right of survivorship. Don provided $320,000 of the purchase price and his son provided the remaining $180,000. Has Don made a taxable gift and, if so, in what amount? Don has made a taxable gift of $237,000. O Don has made a taxable gift of $70,000. Don has made a taxable gift of $22,000. Don has made a taxable gift of $54,000. None of these - Don did not make a taxable gift.

This year Don and his son purchased real estate for an investment. The price of the property was $500,000, and the title named Don and his son as joint tenants with the right of survivorship. Don provided $320,000 of the purchase price and his son provided the remaining $180,000. Has Don made a taxable gift and, if so, in what amount? Don has made a taxable sift of $237,000. Don has made a taxable sift of $70,000 Don has made a taxable gift of $22.000. Don has made a taxoble gift of $54,000 None of these - Don did not make a taxable gift