a$.$In $1986,$ he received land worth $$61,760.$ The donor's adjusted basis was $$69,480.$ Roberto sells the land for $$154,400.$

Neither a gain nor a lossA gainA lossA gain

of $fill in the blank $1$b$20$c$408$c$051021\_2$ is recognized.

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b$.$In $1991,$ he received stock in Gold Company. The donor's adjusted basis was $$135,680.$ The fair market value on the date of the gift was $$118,720.$ Roberto sells the stock for $$169,600.$

Neither a gain nor a lossA gainA lossA gain

of $fill in the blank $0$b$4$b$1$f$06$ffabf$98\_2$ is recognized.

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c$.$In $1997,$ he received land worth $$5,625.$ The donor's adjusted basis was $$7,500.$ Roberto sells the land for $$3,375.$

Neither a gain nor a lossA gainA loss

of $fill in the blank $5$c$4$c$1306805$ff$80\_2$ is recognized.

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d$.$In $2018,$ he received stock worth $$30,000.$ The donor's adjusted basis was $$42,000.$ Roberto sells the stock for $$38,000.$

Neither a gain nor a lossA gainA loss

of $fill in the blank c$20$f$7$a$07$af$82012\_2$ is recognized.