Multiple Choice
Ralph gives his daughter, Angela, stock (basis of $8,000? fair market value of $6,000) . No gift tax results. If Angela subsequently sells the stock for $10,000, what is her recognized gain or loss?
A) $0
B) $2,000
C) $4,000
D) $10,000
E) None of the above
Correct Answer:
Verified
Correct Answer:
Verified
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