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Problem 13-57 (b) (LO. 3) In 2017, Mason receives a gift of corporate stock with an adjusted basis of $74,000 and a fair market value
Problem 13-57 (b) (LO. 3) In 2017, Mason receives a gift of corporate stock with an adjusted basis of $74,000 and a fair market value of $52,000. The donor paid gift tax of $3,000 on the transfer. Mason's basis for a gain is recognized and her basis for a loss is $ If Mason later sells the property for $50,000, her is $
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