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Helena and Daniel were divorced under an agreement executed on July 1 , 2 0 2 3 . The terms of the agreement provide that

Helena and Daniel were divorced under an agreement executed on July 1,2023. The terms of the agreement provide that Helena will transfer to Daniel her interest in a rental house worth $300,000 with a tax basis of $120,000. What amount of gain must be recognized by Helena on the transfer of the property, and what is Daniel's tax basis in the property after the transfer, respectively?

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