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, $174,000

c. write a letter to brittany in which you inform her of the tax consequences if she sells the stock to ridge for $160,000. explain how a sales transaction could be structured that would produce better tax consequences for her. brittany’s address is 32 country lane, lawrence, ks 66045.