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A receives a gift of property from B. Bs basis in the property was $200,000,...

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Accounting

A receives a gift of property from B. Bs basis in the property was $200,000, and the fair market value of the property was $500,000 on the date of the gift. B held the property for five years and incurred $25,000 of gift tax due to the gift. A week after A receives the property, A sells the property. What are the tax results to A if A sells the property for $510,000? What if A sells for $450,000?

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