Marilyn owns land that she acquired three years ago as an investment for $250,000. Because the land has not appreciated in value as she anticipated, she sells it to her brother, Amos, for its fair market value of $180,000. Amos sells the land two years later for $240,000.
Please provide sufficient justification by citing applicable IRS codes and tax rules. You should include a cover page and references page in APA format. Your memo should not exceed two pages.