|
Title: On July 25, 2015, Karen gives stock with a FMV of $7,500 and a basis of $8,000 to her nephew Bill. ... Post by: prod5 on Sep 7, 2020 On July 25, 2015, Karen gives stock with a FMV of $7,500 and a basis of $8,000 to her nephew Bill. Karen had purchased the stock on March 18, 2015. Bill sold the stock on April 18, 2016 for $6,000. As a result of the sale, what must Bill report on his 2016 tax return?
▸ ($1,500) STCL ▸ ($1,500) LTCL ▸ ($2,000) STCL ▸ ($2,000) LTCL Title: On July 25, 2015, Karen gives stock with a FMV of $7,500 and a basis of $8,000 to her nephew Bill. ... Post by: stephbro on Sep 7, 2020 Content hidden
|