Kelly inherits land which had a basis to the decedent of $95,000 and a fair market value of $50,000 on august 4, 2018, the date of the decedent’s death. the executor distributes the land to kelly on november 12, 2018, at which time the fair market value is $49,000. the fair market value on february 4, 2019, is $45,000. in filing the estate tax return, the executor elects the alternate valuation date. kelly sells the land on june 10, 2019, for $48,000. what is herrecognized gain or loss? ($1,000) ($2,000) ($47,000) $1,000 none of the above