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Ayla inherits land that had a basis to the decedent of $ 9 5 , 0 0 0 and a fair market value of $

Ayla inherits land that had a basis to the decedent of $95,000 and a fair market value of $50,000 on August 4,2023, the date of the decedents death. The executor distributes the land to Ayla on November 12,2023, at which time the fair market value is $49,000. The fair market value on February 4,2024, is $45,000. In filing the estate tax return, the executor elects the alternate valuation date. Ayla sells the land on June 10,2024, for $48,000. What is her recognized gain or loss?

 

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