Voytek transfers land worth $200,000 with an adjusted basis of $17,000 to his wife Gosha for her birthday. The land was purchased three years ago. Assume no gift tax was paid on the transfer.

1. Does Gosha have gross income as a result of the gift? yes or no

2. If the answer is no, briefly explain why.

3. What is Goshas adjusted basis in the land?

4, What is Gosha's holding period in the land?