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Larry gave Michelle a piece of property that had a FMV - $500 and an A/B- S1,000.00 on the date of the gift in

Larry gave Michelle a piece of property that had a FMV - $500 and an A/B- S1,000.00 on the date of the gift in 2021. One year later, Michelle sold the property for $300.00. What is Michelle's realized gain or loss on the sale?

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