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__________ Trevor's Uncle, Jim, owned a building with a fair market value of $2,000,000. Jim's adjusted basis in the building was $1,000,000. Jim agreed to

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__________ Trevor's Uncle, Jim, owned a building with a fair market value of $2,000,000. Jim's adjusted basis in the building was $1,000,000. Jim agreed to sell the building to his son, Robby for $1, 300,000. What is the amount of Jim's taxable gift

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