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Business, 10.07.2019 04:20 asims13

Laura's father, albert, gave laura a gift of 500 shares of liba corporation common stock in 2017. albert's basis for the liba stock was $4,000. at the date of this gift, the fair market value of the liba stock was $3,000. if laura sells the 500 shares of liba stock in 2018 for $3,500, what is the reportable gain or loss in 2018?

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