2 Not eligible to be trued using the capital gains tax rate Mark for follow up Question 9 of 75. Stephanie sold and she purchased three months earlier for use in her business. Her cost and adjusted basis) in the land is $85.000. She incurred $15,000 in on Form 4797 will she report the sale? expenses related to the sale. The buyer paid 590.000 cash and assumed Stephanie's $35,000 mortgage on the property. What is the amount of her gain, and where $25,000, Parti O $25,000, Part II $40,000, Part II O $40,000, Part IV Mark for follow up Question 10 of 75