medium · Certified Financial Planner Tax Planning
A Fenwick planner identifies that a client's gift of depreciated stock (Basis $60k; FMV $40k) resulted in a sale at $50k.
According to Heuristic H6 ('Risk Before Return'), what was the primary risk of this gift?
- The risk of exceeding the $15,000,000 basic exclusion amount.
- The risk of the IRS recharacterizing the gift as a sale.
- The risk of the stock price falling further after the gift.
- The risk of wasting the built-in loss deduction.
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