15 31 Jeff sold his cabin for $75,000 in cash, plus artwork with a FMV of $27 000 In addition, the purchaser assumed the cabin's remaining mortgage loan balance Jeff's basis in the cabin was $30,000, and he owed $7,000 to the bank on the mortgage What is Jeff's realized gain on the sale A $45,000 B $65,000 C $72,000 D $79,000

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15 31  Jeff sold his cabin for $75,000 in cash, plus artwork with a FMV of $27 000  In addition, the purchaser assumed the cabin's remaining mortgage loan balance  Jeff's basis in the cabin was $30,000, and he owed $7,000 to the bank on the mortgage  What is Jeff's realized gain on the sale  A  $45,000 B  $65,000 C  $72,000 D  $79,000

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15 31. Jeff sold his cabin for $75,000 in cash, plus artwork with a FMV of $27.000. In addition, the purchaser assumed the cabin's remaining

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