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Elaine was required to grant an easement on her property so the local public utility could install and maintain water and sewer lines. Just prior

Elaine was required to grant an easement on her property so the local public utility could install and maintain water and sewer lines. Just prior to the condemnation, the property had an adjusted basis of $20,000. Elaine received $35,000 in compensation for the easement. What is Elaine's recognized gain from the condemnation?
$0
$15,000
$20,000
$35,000

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