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Abner Gives His Daughter,Melissa,stock (Basis of $50,000;fair Market Value of $44,000).No

Question 172

Multiple Choice

Abner gives his daughter,Melissa,stock (basis of $50,000;fair market value of $44,000) .No gift tax is paid.If Melissa subsequently sells the stock for $53,000,what is her recognized gain or loss?


A) $0.
B) $3,000.
C) $9,000.
D) $53,000.
E) None of the above.

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