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Olsha gave a parcel of realty to Julle valued at $156,250 (Olsha purchased the property five years ago for
$66,500).
a. Compute the amount of the taxable gift on the transfer, if any.
b. Suppose several years later Julle sold the property for $162,450. What is the amount of her gain or loss, if any, on
the sale?
a. Amount of taxable gift
b. Amount of gain
$
$
141,250
95,950

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