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Lisa Sells Some Stock She Purchased Several Years Ago for $10,000

Question 119

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Lisa sells some stock she purchased several years ago for $10,000 to her brother Bart for $8,000.One year later Bart sells the stock for $12,000.The tax consequences to Lisa and Bart are:
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Lisa sells some stock she purchased several years ago for $10,000 to her brother Bart for $8,000.One year later Bart sells the stock for $12,000.The tax consequences to Lisa and Bart are: ​

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