13. Kreshnik inherited 1,000 shares of Corporation Zero stock from his father who died on March 4 of the current year. His father paid $30 per share for the stock on September 2, 2005. The FMV of the stock on the date of death was $50 per share. On September 4 this year, the FMV of the stock was $55 per share. The executor did not elect the alternate valuation date. Kreshnik sold the stock for $65 per share on December 3. What is the amount and nature of any gain or loss? A) $10,000 LTCG B) $35,000 LTCG C) $15,000 LTCG D) $15,000 STCG 14. Mirana purchased 50 shares of Gold Corporation for $500. During the current year, Gold declared a nontaxable 10% stock dividend. What is the basis per share before and after the stock dividend is distributed? A) Before After $10 $9.09 B) Before $10 After $10 C) Before $10 After $11 D) Before $9.09 After $10 15. Miroslav owned 200 shares of Silver Corporation with a basis of $12,000 and a FMV of $24,000. Miroslav received 20 stock rights as a nontaxable distribution with a total FMV of $8,000. Miroslav sold the stock rights for $4,000. Miroslav's gain or loss on the sale was A) $1,000. B) $3,000. C) $4,000. D) ($4,000)