Question: a . Amit has no realized or recognized gain. b . Amir has capital gain income of $ 2 0 0 , 0 0 0

a. Amit has no realized or recognized gain.
b. Amir has capital gain income of $200,000.
c. Amit has a taxable gain of $125,000.
d. Both Amit and Amir have a realized gain of $200,000.
e. Amit has a realized gain of $125,000 and a taxable gain of $0.

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