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Ralph Gives His Daughter,Angela,stock (Basis of $8,000;fair Market Value of $6,000).No

Question 74

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 these

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