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Question 61 of 75. Chad Young's investment property was condemned. He purchased the property for $125,000. He received a net condemnation award of $155,000 and

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Question 61 of 75. Chad Young's investment property was condemned. He purchased the property for $125,000. He received a net condemnation award of $155,000 and purchased replacement property for $205,000. What is the amount of gain realized on the condemnation? $0 $30,000 $50,000 $80,000 https://hrblock.csod.com/Evaluations/Evallaunch.aspx?oid=8aBcd265-924d-4ef6-83c0-a06cc332fcb8&evall. Vi=5&redirect_url=https%3a%2f%2fblo... 1/3 ZO... 112

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