Camille owns 20 acres of vacant ground within the city limits of Los Angeles. Camille acquired the land as a gift from her parents on July 1, 2012. The land was valued at $58,000 per acre on the date of the gift. Her parents purchased the land on January 1, 1991 at a price of $17,000 per acre. Camille has held this land as an investment since she received it. For 2019, she paid $6,880 of property tax on the land. On September 15, 2019 Camille exchanged this land with a development company that plans to develop the 20 acres (Camille and the development company are not related). In exchange for the 20 acres, Camille received a condominium in Hollywood that was valued at $1,260,000. For purposes of depreciation, the building is valued at $460,000 and the land is valued at $800,000. The condominium is located at 90210 Melrose Place, Unit A, Los Angeles, California 90069. Immediately following the exchange, Camille made the condo available for rent.

What would I do with this for tax purposes?