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8 is correct just 9 and 10 please Question 8 0.5 pts Eli inherited stock from his father in 2015. Eli's father's adjusted basis was

8 is correct
just 9 and 10 please image text in transcribed
image text in transcribed
Question 8 0.5 pts Eli inherited stock from his father in 2015. Eli's father's adjusted basis was $100,000 at the time of death, and the fair market value of the stock on the date of death was $750,000 (no alternate valuation date was used). In 2019, Eli sold the stock to his sister Sara What is Eli's recognized gain or loss if he sold the stock to Sara for $800,000? 750 0.5 pts Question 9 Same facts as previous question except assume that Eli sold the stock to his sister, Sara, for $700,000. What is Eli's recognized gain or loss on the sale of the stock to Sara for $700,000? Question 10 0.5 pts Same facts as previous question. After purchasing the stock from Eli (her brother) for $700,000, Sara later sold the stock to an unrelated-party for $900,000. What is Sara's recognized gain or loss on the sale

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