Upon the death of his Aunt Jessie in December 2019, John, her only recognized heir inherited the following asset: Land300 acres Jessie's Adjusted Basis: 95,000 FMV at Death: 175,000 No gift taxes were paid. On October 1, 2020, the land was worth $160,000 (FMV). John has one of two options: 1. He could sell the land to his brother Paul on Oct. 1, 2020 for its FMV, 160,000. 2. On October 1, 2020, John leases the land to his brother Paul for $15,000 annually. Paul prepays the lease payments through December 31, 2020. Thereafter, he would make monthly lease payments at the beginning of each month. What effect would this have on John's tax liability? What potential problem might John encounter. Explain to John the tax consequences of leasing vs. selling the land. (30 pts.)