Just prior to a major medical procedure, Cody gives his son, Liam, stock in Robin Corporation (fair market value of $1,221,000 and basis of $1,709,400). At the time of the gift, Cody held some unused capital losses. The surgery is unsuccessful, and after Cody's death, Liam sells the stock for $1,880,340. a. What is the income tax result for Liam? Gain Loss b. What if the and the stock passed to Liam as a bequest from Cody