Courtney Kroon is planning to sell stock $($basis of $$184,000)$ to her son, Caleb, for $$160,000,$ the fair market value.

a$.$ What are the tax consequences to Courtney $($does she have a realized and recognized gain or loss$)?$

b$.$ What are the tax consequences $($realized and recognized gain or loss amounts$)$ to Caleb if he later sells the stock for:

i$.$ $$190,000?$

ii$.$ $$152,000?$

iii. $$174,000?$