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Question 6 (2 points) Pere gifted shares in a public corporation with a fair market value of $50,000 to his 12 year old son, Fils.

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Question 6 (2 points) Pere gifted shares in a public corporation with a fair market value of $50,000 to his 12 year old son, Fils. After Fils received $1,000 in dividends, he sold the shares for $53,000. What are the tax effects of the dividend and the sale? Fils will claim the dividends on his tax return and Pere will claim the capital gain on his tax return Pere will claim the dividends and a capital gain on his tax return. Fils will claim the dividends and a capital gain on his tax return. Pere will claim the dividends on his tax return and Fils will claim the capital gain on his tax return

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