Multiple Choice
Arthur,age 99,holds some stock purchased many years ago for $10,000 which is now worth $100,000.He is trying to plan for the eventual disposition of this stock.Arthur's only remaining family member is his grandson.For income tax purposes,Arthur should
A) sell the stock and gift the proceeds to his grandson.
B) gift the stock to his grandson.
C) leave the stock to his grandson as an inheritance.
D) All of the above will result in the same income tax consequences.
Correct Answer:

Verified
Correct Answer:
Verified
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