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Bill sells stock (adjusted basis of $25,000) to his friend,Rob, for its fair market value of $15,000. Rob gives the stock tohis daughter, Trish, who

Bill sells stock (adjusted basis of $25,000) to his friend,Rob, for its fair market value of $15,000. Rob gives the stock tohis daughter, Trish, who subsequently sells it for $26,000.What, if any 1 answer

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