No choice d. What are tax consequences if the stock is sold for the listed amounts in a,b, and c?

20. LO.4 Merle gives stock to her son Marvin. The stock has a basis to Merle of on the date of the gift. No gift tax was incurred on the transfer. What are Marvin's income tax consequences if he later sells $200,000 and a value of $180,000 the stock for: $170,000? a. b. $190,000? $210,000? C