Daisy owns 1,000 shares of General Data Corporation. She purchased the stock several years ago for $20 a share. On October 1, Daisy sold 500 shares of the General Data stock for $12 a share. On October 20, Daisy, after reconsidering her decision to sell purchased 400 shares of General Data Corporation stock for $14 a share. What is the gain or loss that Daisy will recognize from the sale of the stock and her basis in the shares acquired on October 20? An individual is eligible for the child and dependent care credit if employment- related expenses are incurred to enable the taxpayer to be gainfully employed and the dependent is under age 13 or an incapacitated dependent or spouse who lives with the taxpayer for more than one half year. True False An example of an AMT tax preference is the excess of MACRS depreciation over the AMT depreciation amount for property placed in service after 1986. True False Only incremental research expenditures are eligible for the regular research credit. True False If the fair market value of property at the date of the gift was less than the donor's adjusted basis and the property is sold at a loss, the donee's holding period starts on the day after the date of the gift. True False