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Felix Gives 100 Shares of Stock to His Daughter,Monica

Question 84

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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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$20,000 + ($40,000/$47,000* ´ ...

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