answer ASAP

AP 9-9 (Transfers to a Spouse-Income Attribution) Jason Holt has owned a number of rental properties for many years. The rental properties are used for residential purposes. Jason has been married to Geena Holt for five years. Their prenuptial agreement requires Jason to gift a rental property to Geena on each fifth anniversary of their marriage. On January 1, 2022, as required by their prenuptial agreement, Jason gifts one of the rental properties to Geena. Information on this property is as follows: In 2022, the rental income, before the deduction of CCA, is $23,451. Geena plans to claim maximum CCA. On January 1, 2023, after concluding that other investments would provide a better return, Geena selis the rental property for $650,000. At this time, an appraisal indicates that the FMV of the land has increased to $175,000, leaving $475,000($650,000$175,000) attributable to the building. Required: Determine the income tax consequences associated with the transfer and subsequent sale of the property for both Mr. and Mrs. Holt assuming: A. The facts are as stated in the problem and that Mr. Holt does not elect to avoid the rollover of ITA 73(1). B. The prenuptial agreement requires that Geena purchase the property for its FMV, using her own funds. On this sale, Mr. Holt elects to avoid the ITA 73(1) rollover