Susan gives her brother stock with a basis in her hands of
Susan gives her brother stock with a basis in her hands of $75,000 and a fair market value of $65,000. 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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susan gives her brother stock with a basis in her hands of 75000 and a fair market value of 65000 no gift tax is paid
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