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Business, 14.07.2020 02:01 lb31224

This year Jeff earned $700,000 and used it to purchase land in joint tenancy with a right of survivorship with Mary. Has Jeff made a taxable gift to Mary and, if so, in what amount? What is your answer if Jeff and Mary are married?

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This year Jeff earned $700,000 and used it to purchase land in joint tenancy with a right of survivo...

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