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    Federal Taxation
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    Exam 1: An Introduction to Taxation and Understanding the Federal Law
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    In 2016,José,a Widower,sells Land (Fair Market Value of $100,000)to His
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In 2016,José,a Widower,sells Land (Fair Market Value of $100,000)to His

Question 55

Question 55

True/False

In 2016,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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