1. Patrick wants to make a gift of stock today to his nephew, Richard. Richard plans to sell the gifted stock in 6 months. Patrick wants to ensure that Richard receives a carryover basis and a long-term holding period in the gifted stock. He consults you for advice on which stock to gift. You could help Patrick achieve his objectives by recommending that he give Richard which of the following stocks?

   1. Stock A, which Patrick acquired in 2015 for $8 a share. Its current value is $12 a share. Its value is expected to be $10 a share in 6 months.
   2. Stock B, which Patrick acquired in 2016 for $13 a share. Its current value is $12 a share. Its value is expected to be $14 per share in 6 months.

   		Either 1 or 2
   		Neither 1 nor 2
   		1 only
   		2 only