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In 2011, Martha received as a gift several shares of Good Corporation stock. The donor’s basis of this stock was $2,800. On the date of the gift, the fair market value of the stock was $2,600. If Martha sells this stock in 2013 for $2,700, what amount and type of gain or loss should Martha report in her 2013 income tax return? A. $100 long-term capital loss. B. No gain or loss. C. $ 50 long-term capital gain. D. $100 long-term capital gain. |