In the current year, Giver holds two blocks of identical stock, both worth $1,000,000. Giver purchased the first block years ago for $50,000 and the second block more recently for $950,000. Giver plans to make an inter vivos gift of one block and retain the second until death. Which block of stock should Giver transfer inter vivos and why? THE AMOUNT REALIZED internal Revenue Code: Section 1001(b). regulations: Section 1.1001-(a), -2(a), (b), (c) Examples (1) and (2)