Alice bought a small table at a garage sale for $100. While cleaning it, she discovered a nameplate on the bottom. It actually belonged to Roland Reagan and had a FMV of $1,500, She also found a letter from George H.W. Bush to Reagan that was wedged under the drawer in the table. This letter had a FMV of $300. a. $1,800 is currently taxable because both the table and the note are considered a "treasure trove". b. $1.700 is currently taxable because both table and the note are considered a treasure trove" but due to the capital recovery concept, the $100 paid for the table is not taxable. c. $0 is currently taxable as there has been no realized income as Alice has not sold the none or the small table. d. $300 is currently taxable as only the note is considered a "treasure trove" The bargain purchase on the table will be taxed when Alice sells the table