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of stock as a gift from her husband. Tim, who purchased them in 2008. At the time of the gift, the FMV of the stock

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of stock as a gift from her husband. Tim, who purchased them in 2008. At the time of the gift, the FMV of the stock was $30,050 and Tim's basis was $32,.200. If Ann sells the stock for $34,130 in 2017, what are the nature and amount of the gain from the sole? Multiple Choice $4,080 long-term gain $1,930 long-term gain and $2,150 short-term goin $1,930 short-term gain and $2150 long-term gain. $1,930 long-term galn

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