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3 Voytek transfers land worth $200,000 with an adjusted basis of $17,000 to his wife Gosha for her birthday. The land was purchased three years

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3 Voytek transfers land worth $200,000 with an adjusted basis of $17,000 to his wife Gosha for her birthday. The land was purchased three years ago. Assume no gift tax was paid on the transfer. a) Does Gosha have income as a result of the gift? If not, why not? b) What is Gosha's basis and holding period in the land

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