MD had net unrecognized built-in gain from prior years of $400,000 as of January 1, 2015. The entire gain was attributable to unimproved land that MD owned. The land was originally purchased for $250,000 on June 16, 2000. On August 1, 2015, MD sold the unimproved land fo a sales price of $850,000 (net of selling commissions). MD did not receive a Form 1099-B reflecting the sale. The land was held by MD as an investment asset only and was not connect athing buc