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(Solved): Christopher who is currently single owned a building with a fair market value of $3,000,000. Christ ...



Christopher who is currently single owned a building with a fair market value of $3,000,000. Christopher's adjusted basis in the building was $1,000,000. This year, on February 20th, 2024 Christopher agreed to sell the building to his adult son, Monty for $1,500,000. What is the amount of Christopher's taxable gift in 2024?



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