9. In 2018 , Jane sold land to her brother Joe. Joe paid Jane $45,000 in cash for the land, and Jane's adjusted basis in the land was $51,000. In 2022, Joe sold the land for $54,000 to an unrelated party. Determine the amount of gain Joe will recognize on the sale of the land in 2022. Do not fail to consider that Jane and Joe are related. 20. This year, Taxpayer sold equipment to his wholly-owned corporation at its fair market value of $75,000. The corpotation, which is a related party with respect to the Taxpayer, will depreciate the equipment. Taxpayer acquired the equipment several years ago for the cost of $70,000 and has deducted $43,761 in depreciation through the date of sale. Determine the amount and ultimate character of the gain or loss taxpayer realizes on the sale