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R sold the family homestead to his daughter for $250,000 at a time when its fair market value was $400,000. Rs basis was $130,000. How

R sold the family homestead to his daughter for $250,000 at a time when its fair market value was $400,000. Rs basis was $130,000. How much gain does R realize on the transaction? a. $0 b. $120,000 c. $250,000 d. $270,000

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