o .. \"TakeTsl: Final Etraminaliu... x In. 3 g Q ; 3:5 4}. 7 x I 1-, httpsu'r'hhuhdedufwehapps.r'assessment,r'taker'launrhJankaurse_asse55ment_id=_1l37SE_1&(nurse_id=_55067_l&rontent_id=_1$194'.'Ci|0'3enrrh | {y 11} f} E u" E F Show Timer A V Question Completion Status: QUESTION 48 Zpoints Savennswer In January 2015 Teresa sold stock with a cost basis 01515261300 to her sister, Aurora, for $24,000, the Fair Market Value of the stock onthe date of sale. Five (5} months later, Aurora sold the same stock through her broker (to an unrelated third party) for $28,000. What is the tax eEect of these transactions? 0 Deductible Loss to Teresa of$2,000; Recognized Gain to Aurora ($91,000, 0 Disallowed Loss to Teresa of$2,000; Recognized Gain to Aurora of$2,000. O Disallowed Loss to Aurora Uf$2,000; Recognized Gain to Teresa of$1,000. O Disallowed Loss to Teresa of$2,000: Recognized Gain to Aurora of$1,000. QUESTION 43 2points SaveAnswer The amount of the Loss for property that is completely (totally) destroyed in a Casualty Loss event is determined (greatly inuenced) by the type ofproperty (1e. Personal Use Property or Business Property (or Income Producing Property)). 0 True 0 False QUESTION SD Zpoints Savennswer Dining the year of2015 Mnthu's business property was damaged by re, Mluau was insured for eighty percent (30%) of her actual loss and she received an insurance sentiment of$152,000. Minthu had Adjusted Gross Income (AGI) before considering the casualty item of $30,000. Pertinent data with respect to the busmess property is as follows: Click Save and Submit to save and submit. Click SaveAHAnswcrs to save all answers. SaueAH Answers ' Save and Submit