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In 2 0 1 4 , Garima purchased 2 0 0 shares of Hi - Style stock as an investment. The stock cost $ 1

2014,

Garima purchased

200

shares of Hi

-

Style stock as an investment. The stock cost $

18, 000 .

2023,

when the fair market value was $

20, 000,

Garima gave the stock to Mishka, a relative. If no gift tax is paid and the stock sells for $

22, 000,

Mishka will recognize:

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