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Ramon received a gift of stock from an uncle. The basis of the stock to the uncle was $25,000, and it had a FMV of
Ramon received a gift of stock from an uncle. The basis of the stock to the uncle was $25,000, and it had a FMV of $18,000 at the date of the gift. The donor held the property for more than one year. Complete the following chart under the independent situations shown: Note: Negative amounts should be indicated by a minus sign. If not applicable, leave cells blank.
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