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Business, 14.07.2020 01:01 Ayyyyeeeeeeewuzgud

An elderly mother gives her daughter the gift of her wedding ring. It was purchased many years ago for $3,000. At the date that the wedding ring was gifted to the daughter, the ring was valued at $5,000. Many years later, the daughter sells the ring for $7,500. What is the tax consequence to the daughter

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An elderly mother gives her daughter the gift of her wedding ring. It was purchased many years ago f...
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