Jay sells property with an adjusted basis of $19,000 to his daughter for $12,000.Daughter subsequently sells the property to her brother for $12,000.Two years later,brother sells the property to Hun,an unrelated party,for $21,000.What is brother's recognized gain or loss on the sale of the property?
A)$0.
B)$2,000.
C)$4,000.
D)($2,000).
E)None of the above.

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The Answer of Jay sells property with an adjusted basis of $19,000 to his daughter for $12,000.Daughter subsequently sells the property to her brother for $12,000.Two years later,brother sells the property to Hun,an unrelated party,for $21,000.What is brother's recognized gain or loss on the sale of the property?
A)$0.
B)$2,000.
C)$4,000.
D)($2,000).
E)None of the above.

Jay Sells Property with an Adjusted Basis of $19,000 to His