As a result of the transfer in 2013 jason paid a gift tax
Question - Jason gives stock (basis of $900,000 and fair market value of $2.2 million) to Mandy. As a result of the transfer in 2013, Jason paid a gift tax of $90,000. Determine Mandy's gain or loss if she later sells the stock for $2.3 million.
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question - jason gives stock basis of 900000 and fair market value of 22 million to mandy as a result of the transfer
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