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The Maria Brown Estate sold a painting that had been hanging in Maria's home until her death. Maria purchased the painting years ago for $600.

The Maria Brown Estate sold a painting that had been hanging in Maria's home until her death. Maria purchased the painting years ago for $600. The executor of her estate paid $200 to have the painting appraised and sold it one month after her death for $5,000.

The estate will report ___________ on its Form 1041.

A loss of $200.

Neither gain nor loss.

A gain of $4,200.

A gain of $4,400.

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