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? c. Complete the letter a sales transaction could be structured that would produce better tax consequences for her to Brittany in which you inform her of the tax consequences if she sells the stock to Ridge for $160,000. Explain how Maloney, Raabe, Hoffman, & Young, CPAs 5191 Natorp Boulevard Mason, OH 45040 June 21, 2018 Ms. Brittany Callihan 32 Country Lane All work saved