Sally was recently diagnosed with stage four lung cancer. Her doctors have given her nine months to live. She has many medical expenses and needs money. If Sally sells a whole life insurance policy, with a $1,000,000 face value and a $250,000 adjusted basis to a viatical settlement provider for $350,000, how much capital gain will Sally have to recognize for income tax purposes on the sale? $0. $250,000 $350,000. $1,000,000