hard · Certified Financial Planner Investment Planning
A donor gives stock with a fair market value of 12,000 and a donor's basis of 15,000 to a niece. The niece subsequently sells the stock for 13,500.
What is the tax consequence of this sale for the niece according to the dual-basis rules for gifts?
- No gain or loss is recognized.
- A long-term capital loss of 3,000.
- A long-term capital loss of 1,500.
- A short-term capital gain of 1,500.
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