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lozanna [386]
3 years ago
8

Juliana purchased land three years ago for $50,000. She gave the land to Tom, her brother, in the current year, when the fair ma

rket value was $70,000. No gift tax is paid on the transfer. Tom subsequently sells the property for $63,000.

Business
1 answer:
Nadya [2.5K]3 years ago
8 0

Answer:

Please see attachment

Explanation:

Please see attachment

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