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Gifts. Bullrun gave his daughter Riversong 500 shares of stock in Grand Canyon Toys, Inc., on September 1, 2018. Bullrun had bought the stock on
Gifts. Bullrun gave his daughter Riversong 500 shares of stock in Grand Canyon Toys, Inc., on September 1, 2018. Bullrun had bought the stock on June 10, 2010, for $33,000. The stock was worth $28,000 on the date of the gift (Sept. 1, 2018). Riversong sold the stock on May 4, 2019, for $24,000. How much was Riversong's capital loss in 2019 and was it long-term or short-term? $4,000 long-term capital loss $9,000 short-term capital loss $9,000 long-term capital loss O $4,000 short-term capital loss
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