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to Simon in deciding whethef to gite he l 12. LO.3 Robin inherits 1,000 shares of Wal-Mart stock from her aunt in 2018. Accord- ing to the information received from the executor of her aunt's estate, Robin's adjusted basis for the stock is $55,000. Albert, Robin's fianc, receives 1,000 shares of Wal-Mart stock from his uncle as a gift in 2018. His uncle tells Albent that his adjusted basis for the Wal-Mart stock is $7,000. What could cause the substantia difference in the adjusted basis for Robin's and Albert's respective 1,000 shares of Wal-Mart stock? 13 Thelma inherited land from Sadie on lune 7. 2018. The land appreciated in value by 100%during the six months it was owned by Sadie. ThevalueTas remained stable during the three months Thelma has owned it, and she expects it to continue to do so in the neat futuire. Although she would like to sell the land now, Thelma has decided to postpone the sale for another three months. The delay is to eahethe cognized gain to qualily for Tong-term capital gain treatment. Evaluate Thelma's understanding of the tax law Marilyn owns land that she acquired three years ago as an investment for $250,000. Because the land has not appreciated in value as she anticipated she sells it to her brother, Amos, for its fair market value of $180,000. Amos sells the land two years later for $240,000. a. Explain why Marilyn's realized loss of $70,000 ($180,000 amount realized $250,000 adjusted basis) is disallowed at the time of the sale to her brother b. Explain why Amos has neither a recognized gain nor a rec sale of the land. ognized loss on his