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Juniper giver her brother stock that has a fair market value of $55,000. Her basis is $60,000. No gift tax is paid. Her brother subsequently

Juniper giver her brother stock that has a fair market value of $55,000. Her basis is $60,000. No gift tax is paid. Her brother subsequently sells the stock for $53,000. What is his recognized gain or loss?

A. $0

B. $2,000 loss

C. $7,000 loss

D. $5,000 loss

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