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In 2 0 2 0 , Grant purchased land for $ 1 1 3 , 0 0 0 for use in his business. He sold

In 2020, Grant purchased land for $113,000 for use in his business. He sold it in 2023 for $155,000. What is the amount and type of gain on this sale, before netting of any other gains and/or losses?

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