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Business, 30.10.2019 00:31 mj200442

Brittany callihan sold stock (basis of $184,000) to her son, ridge, for $160,000, the fair market value. a. what are the tax consequences to brittany? b. what are the tax consequences to ridge if he later sells the stock for $190,000? for $152,000? for $174,000?

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Brittany callihan sold stock (basis of $184,000) to her son, ridge, for $160,000, the fair market va...
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