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The Maria Brown Estate sold a painting in Maria's home after she died. She paid $600 for the painting & had purchased years ago. Her

The Maria Brown Estate sold a painting in Maria's home after she died. She paid $600 for the painting & had purchased years ago. Her executor paid$200 to have it apparised & it sold 1 month after her death for $5000. The estate will report___________________on its form 1041.

1 a loss of $200

2 neither gain or loss

3 a gain $4200

4 A gain $4400

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