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    Federal Taxation
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    Exam 1: An Introduction to Taxation and Understanding Federal Tax Law
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    In 2017, José, a Widower, Sells Land (Fair Market Value
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In 2017, José, a Widower, Sells Land (Fair Market Value

Question 149

Question 149

True/False

In 2017, José, a widower, sells land (fair market value of $100,000) to his daughter, Linda, for $50,000. José has not made a taxable gift.

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