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1. Leela and Nansingh were married for 20 years before they separated this year. As part of the separation agreement, Nansingh transferred 2 stocks with
1. Leela and Nansingh were married for 20 years before they separated this year. As part of the separation agreement, Nansingh transferred 2 stocks with a fair market value of $100,000 and acb of $60,000. However, before the divorce was finalized, Leela sold all the stocks for $110,000. How much capital gains are realized and who will pay the taxes. 1. $40,000 gains, Leela 2. $50,000 gains, Leela 3. $50,000 gains, Nansingh 4. $40,000 gains, Nansingh1. Leela and Nansingh were married for 20 years before they separated this year. As part of the separation agreement, Nansingh transferred 2 stocks with a fair market value of $100,000 and acb of $60,000. However, before the divorce was finalized, Leela sold all the stocks for $110,000. How much capital gains are realized and who will pay the taxes. 1. $40,000 gains, Leela 2. $50,000 gains, Leela 3. $50,000 gains, Nansingh 4. $40,000 gains, Nansingh
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