Cindy recently died, and her will contains bequests for both Carl and Candy. Cindy's will directs that land that she owns should be transferred to Carl. The land was purchased by Cindy years ago for $80,000, and it has a FMV of $120,000 on Cindy's death. Her will also directs, however, that the rent paid by the tenant farmers working the land should be paid to Candy (rather than Carl) until the current lease term ends in two years. When Candy receives the first lease payment of $2,000, she asks you whether she can exclude the receipt under 102(a), as she received this rent as a bequest under Cindy's will. While 102(b)(1) does not apply on these facts, see 102(b)(2).

Which is it? Not available or not clear? Can not be both. Please ask someone else to assist me and do not respond if you do not have any knowledge on the subject.