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Oisha gave a parcel of realty to Julie valued at $197,500 (Oisha purchased the property five years ago for $83,000 ). a. Compute the amount

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Oisha gave a parcel of realty to Julie valued at $197,500 (Oisha purchased the property five years ago for $83,000 ). a. Compute the amount of the taxable gift on the transfer, if any. b. Suppose several years later Julle sold the property for $204,800. What is the amount of her gain or ioss, if any, on the sale

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