gigig8030 gigig8030
  • 20-05-2023
  • Physics
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Many years ago, a customer bought 100 shares of ABC stock at $40. The customer gifts the stock to her son when it is valued at $50. The son sells the security at $55. The tax consequence to the son is: A no capital gain or loss B $10 per share capital gain C $15 per share capital gain D $55 per share capital gain

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