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QUESTION 3 Max gives his daughter, Jane, stock (basis of $8,000; Tuir market value of $4,000). No gift tax results. If Jane subsequently sells the

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QUESTION 3 Max gives his daughter, Jane, stock (basis of $8,000; Tuir market value of $4,000). No gift tax results. If Jane subsequently sells the stock for $5,000, what is ber recognized gain or low? O a. 50 b. $2,000 Oc $4,000 d. $10,000 Oe. None of the above

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