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Business, 09.12.2021 01:20 destanybrunson

A donor gives their child a gift of publicly traded stock with a basis of $40,000 and a fair market value of $30,000. No gift tax is paid. The child subsequently sells the stock for $36,000. What is the child's recognized gain or loss, if any

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A donor gives their child a gift of publicly traded stock with a basis of $40,000 and a fair market...
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