Spouses A and B divorced on December 30 of Year 1. In March, Year 2,...

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Accounting

Spouses A and B divorced on December 30 of Year 1. In March, Year 2, pursuant to
the divorce and in settlement of the marital assets, B received property that had
been in the marriage three years and had a cost basis of $100,000. A received
$150,000. B sold the property six months later for $300,000. As a consequence, B
has a
Short-term capital gain of $150,000
Long-term capital gain of $150,000
Short-term capital gain of $200,000
Long-term capital gain of $200,000
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