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Hi - I need a little help on this question. Thanks! Roberta gave her daughter a passive activity last year that had an adjusted basis

Hi - I need a little help on this question. Thanks!

Roberta gave her daughter a passive activity last year that had an adjusted basis of $37,500. The activity had suspended losses of $17,500 and a fair market value of $60,000. In the current year, her daughter realized income of $9,000 from the passive activity.

A. What is the tax effect on Roberta and her daughter last year?

B. What is the tax effect on Roberta and her daughter in the current year?

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