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QUESTION 1 Bob bought stock for $5,000 and sold it to his mother Annie for $2,000. How much of a loss can he report on

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QUESTION 1 Bob bought stock for $5,000 and sold it to his mother Annie for $2,000. How much of a loss can he report on his tax return on the sale. None. $2,000. $3,000. $5,000 QUESTION 2 Alice bought stock for $8,000 and sold it to her daughter Gina for $3,000. Several year later, Gina sold it for $9,000. How much gain will Gina report on her sale of the stock? Zero. $1.000 gain. $3,000 gain. $6,000 gain

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