1.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) ofA) $50,000.B) $170,000.C) $120,000.D) $0. 2.Vincent makes the following property transfers in the current year. · $5,000 tuition for a grandson […]