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4 1 pts Robin purchased 10,000 shares of RCM Inc. five years ago for $100,000. She just gave those shares to her son, Seth. The
4 1 pts Robin purchased 10,000 shares of RCM Inc. five years ago for $100,000. She just gave those shares to her son, Seth. The value of the 10,000 shares of stock, as of the date of the gift, was $60,000. Which of the following statements is true? If Seth subsequently sells the shares of RCM Inc. for $105,000, he will not have any gain or loss. If Seth subsequently sells the shares of RCM Inc. for $40,000, the basis used to calculate his gain or loss will be $60,000. If Seth subsequently sells the shares of RCM Inc. for $105,000, the basis used to calculate his gain or loss will be $60,000. If Seth subsequently sells the shares of RCM Inc. for $40,000, the basis used to calculate his gain or loss will be $100,000
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