Business, 11.06.2020 03:57 hosteenimport21
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? brittany will have a $ that is .
b. what are the tax consequences to ridge if he later sells the stock for $190,000? what are the tax consequences to ridge if he later sells the stock for $152,000? what are the tax consequences to ridge if he later sells the stock 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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