Business & farm

Then based on those updated facts, you have no gain or loss.  
Seems odd, but that is what you are saying in your example.
So based on these updated facts, you would enter $60,000 for the sales price and $60,000 for your tax basis.
*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.