Her brother subsequently sells the stock for 53000 what is
Evelyn gives her brother stock with a basis in her hands of $60,000 and a fair market value of $55,000. No gift tax is paid. Her brother subsequently sells the stock for $53,000. What is his recognized gain or loss?
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evelyn gives her brother stock with a basis in her hands of 60000 and a fair market value of 55000 no gift tax is paid
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