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In 2012 rebecca made a gift of stock basis of 203000 and

In 2012, Rebecca made a gift of stock (basis of $203,000 and fair market value of $263,000) to her son, Daniel. As a result of the gift, Rebecca paid a gift tax of $75,000. Daniel's income tax basis for gain is: Select one:

a. $278,000.

b. $203,000.

c. $221,000.

d. $260,000.

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Finance Basics: In 2012 rebecca made a gift of stock basis of 203000 and

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Finance Basics: In 2012 rebecca made a gift of stock basis of 203000 and

Reference No:- TGS01347402

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