Perplexity arrived at the same end result as my response.
In a forum such as this, getting overly complicated in how you arrive at the end result makes no sense, as long as the end result is correct.
Additionally, Gemini also reflects the $1 sales price noted in my response.
Ai has a long was to go to understand tax law, law in general and generates fake cases that have been submitted to Judges.
Choose wisely.
*A reminder that posts in a forum such as this do not constitute tax advice.
Also keep in mind the date of replies, as tax law changes.
