On January $1,2023,$ Antonio sells stock that has a $$47,000$ FMV on the date of the sale $($basis $$79,600)$ to his daughter Tiana. On

October $21,2023,$ Tiana sells the stock to an unrelated party. In each of the following, determine the tax consequences of these

transactions to Antonio and Tiana:

Required:

a$.$ Tiana sells the stock for $$29,000.$

b$.$ Tiana sells the stock for $$88,850.$

c$.$ Tiana sells the stock for $$66,800.$

Note: For all requirements, if no gain or loss is recognized, select $"$No gain or loss".