This year Drake and his son purchased real estate for an investment. The price of the property was $2,400,000, and the title named Drake and his son as joint tenants with the right of survivorship. Drake provided $1,800,000 of the purchase price and his son provided the remaining $600,000. What is the amount of the taxable gift? $600,000 $1,200,000 $585,000 $2,400,000 None of the choices are correct-Drake did not make a taxable gift