Assume 2018 tax year

45. Sia bought 200 shares of stock for $50 each on 1/2/17. On 9/12/17, she gave the stock to her friend Sandi as a gift. On 2/12/18, Sandi sold the stock for a total of $20,000. What is the taxable effect to Sandi? a. $10,000 short-term capital gain taxed at ordinary tax rates b. $10,000 long-term capital gain taxed at preferential tax rates c. $10,000 long-term capital loss deductible at a rate of $3,000 per year until used up d. Not a taxable event