Problem related to annual exclusion

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Reference no: EM13129904

Barbara sells a house with a FMV of $170,000 to her daughter for $120,000. From this transaction, Barbara is deemed to have made a gift (before the annual exclusion) of:

a.$50,000

b.$170,000

c.$120,000

d.$0

Reference no: EM13129904

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Problem related to annual exclusion : Barbara sells a house with a FMV of $170,000 to her daughter for $120,000. From this transaction, Barbara is deemed to have made a gift (before the annual exclusion) of:
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