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Father had some land that he had purchased for $ 1 0 0 , 0 0 0 but which had increased in value to $

Father had some land that he had purchased for $100,000 but which had increased in value to
$200,000. He transferred it to Daughter for $100,000 in cash in a transaction properly identified as
in part a gift and in part a sale. Assume no gift tax was paid on the transfer.

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