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Felix Gives 100 Shares of Stock to His Daughter, Monica

Question 63

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Felix gives 100 shares of stock to his daughter, Monica. The stock was acquired in 2003 for $20,000, and at the time of the gift, it had a fair market value of $60,000. Felix paid a gift tax of $6,000.
Felix gives 100 shares of stock to his daughter, Monica. The stock was acquired in 2003 for $20,000, and at the time of the gift, it had a fair market value of $60,000. Felix paid a gift tax of $6,000.

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blured image $20,000 + ($40,000/$47,000* ´...

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