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Problem 6-52 (LO. 3, 4) Brittany Callihan sold stock (basis of $184,000) to her son, Ridge, for $160,000, the fair market value. a. What are

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Problem 6-52 (LO. 3, 4) Brittany Callihan sold stock (basis of $184,000) to her son, Ridge, for $160,000, the fair market value. a. What are the tax consequences to Brittany? Brittany will have a that is b. What are the tax consequences to Ridge if he later sells the stock for $190,000? What are the tax consequences to Ridge if he later sells the stock for $152,000? What are the tax consequences to Ridge if he later sells the stock for $174,000

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