Business, 04.10.2019 21:30 4presidents

Brody and tanya recently sold some land they owned for $200,000. they received the land five years ago as a wedding gift from brody's aunt jeanette. aunt jeanette purchased the land many years ago when the property was worth $20,000. at the date of the gift, the property was worth $100,000 and aunt jeanette paid $40,000 in gift tax. what is the long term capital gain on the sale of the property

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Brody and tanya recently sold some land they owned for $200,000. they received the land five years a...