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In January 2015 Ralph gives his daughter, Angela, stock (basis of $8,000; fair market value of $6,000). Ralph had purchased the stock in 2013. In

In January 2015 Ralph gives his daughter, Angela, stock (basis of $8,000; fair market value of $6,000). Ralph had purchased the stock in 2013. In December 2015 Angela sells the stock to an unrelated person for $10,000. What is Angela's recognized gain?

a. $2,000 longterm capital gain

b. $4,000 shortterm capital gain

c. $2,000 shortterm capital gain

d. $4,000 longterm capital gain

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