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Franks investment property was condemned his adjusted basis In the property was $145000. He received a net condemnation award of $190000 and purchased replacement property

Franks investment property was condemned his adjusted basis In the property was $145000. He received a net condemnation award of $190000 and purchased replacement property for $275000. What is the amount of gain realized on the condemnation?

1- $0

2- $45000

3- 85000

4- $130000

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