In January of the tax year, Frank transferred ownership of a vacation home to his ex-wife, Stacy, as required by their divorce decree finalized on December 31 of the previous year. He was the sole owner; on the date of the transfer, the FMV of the home was $150,000 and his adjusted basis was $100,000. Which of the following correctly describes the tax treatment of this transfer for both Frank and Stacy? Question 14Select one: a. Frank can claim $100,000 in capital loss. Stacy must pay taxes on $100,000 in capital gain. b. Frank must pay a gift tax on $150,000. Stacy must pay taxes on $150,000. c. Frank can claim no loss and owes no gift tax. the home's value is not taxable to Stacy. d. Frank can claim $3,000 in capital loss and carry over $97,000 in capital loss. Stacy must pay taxes on $100,000 in capital gain