please answer 16,17,19,20 (answer all circle ones)

An Tru 140 Federal Tax Study Manual 16. on May 20, 2018 Merit received listed stock as an inheritance from her mother, Clara, died on December 2, 2017. Clara's adjusted basis for this stock was $30.000 The stock fair market value of $35.000 on December 2, 2017. a. fair market value of 833,003 on June 2018, and a fair market value of 838.000 on May 20, 2018. The alternate valuation was eller by the executor of Clara's estate. Merit's basis for the inherited stock is: a. $30,000 b. $33,000 c. $35,000 d. $38.000 17. Eddie owned stock that he had purchased 18 months earlier at a cost of $15,000 September 27, 2018, he sold the stock to his sister, Julie, for $12,000. Julie sold the stock $11,000 to an unrelated person on November 2, 2018. What recognized loss will be reported Julie's tax return for 2018 a. So b. 81,170 short-tern Capital loss + $1,000 long-term capital loss d. 84.000 short-lern capital loss e $1,000 long-term capital loss 18. Giina Rave stock to Kevin on January 10, 2018, when the stock's fair market value was so The stock was acquired by Gina at a cost of $120.009. November 10, 2016 Gina Daida tax of S6,000 on the transfer. If Kevin sells the stock for $115, his recognized gain or loss will be what mount? SO $5,000 gain $11. loss Mu 19 Betty rave stock le Juan on June 10, 2016. when the stock's fair market value was Sin The stock was acquired toy Betty at a cost of $110,6 on December 5, 2015. IF Juan see stock for $115.000 his recognized gain or ons will be what amount. b. S5,000 loss C5pno gain d. 815.000 gain 20. Avan sells two personal assets during the table year. He realisasiun of 1,000 on the sale of one ssct, and realizes a loss of 55.000 on the sale of the other asset. While amount of recognized sain or ons will be included in Ivan's taxable income as a result of the sale b: $2.00 83.000 sain d