Alberta owns 5 acres of land shepurchased several years ago for $6,500.A new housing development is being built on the north side of her property.The owner of the development needs part of Alberta's land to run utility and sewer lines to the new development. The owner offers Alberta $13,000 for half of her land, but Alberta decides towait to see if the landwill appreciate further after the development is built. She agrees to grant the developers an easement to run the utility and sewer lines through her property for $3,000.
Write a letter to Alberta explaining the tax consequences of granting the easement.