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Four years ago, Emily, a single taxpayer, acquired stock in a corporation that qualified as a small business corporation under 1 2 4 4 ,
Four years ago, Emily, a single taxpayer, acquired stock in a corporation that qualified as a small business corporation under at a cost of $ Emily wants to give her son, Carter, $ to help finance Carters college education. The stock is currently worth $ Emily is considering selling the stock in the current year for $ and giving the cash to Carter. As an alternative, Emily could give the stock to Carter and let Carter sell it for $ Which alternative should Emily choose?
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