Shoshone sold her home to her son and his wife as joint tenants for $100,000. The home had been appraised at $150,000. She sold her daughter an auto valued at $10,900 for $500 and she took her sister on a vacation and paid all of her sister's expenses that amounted to $7,000. What is the total of Shoshone's taxable gifts? Explain.

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The Answer of Shoshone sold her home to her son and his wife as joint tenants for $100,000. The home had been appraised at $150,000. She sold her daughter an auto valued at $10,900 for $500 and she took her sister on a vacation and paid all of her sister's expenses that amounted to $7,000. What is the total of Shoshone's taxable gifts? Explain.

Shoshone Sold Her Home to Her Son and His Wife