a. Amount of taxable gift: 10,500 is NOT correct. Also 13,250 is NOT correct.

b. Taxable loss: 1,050 is correct.

Week 14 Chapter 25 Assignment i Saved Help Save & Exit Submit 3 Check my work 4 Several years ago Doug invested $27,250 in stock. This year he gave his daughter Tina the stock on a day it was valued at $24,500. She promptly sold it for $23,450. Assume Doug is not married and does not support Tina, who is 28. Required: 10 points a. Determine the amount of the taxable gift. b. Calculate the amount of taxable gain or loss, if any, for Tina. eBook 10 Hint a. Amount of taxable gift b. Print Taxable loss Taxable gain References