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Ramon received a gift of stock from his uncle. The basis of the stock to his uncle was $24,980, and it had a FMV at
Ramon received a gift of stock from his uncle. The basis of the stock to his uncle was $24,980, and it had a FMV at the date of the gift of $17,500. The donor held the property for more than one year. Complete the following chart under the independent situations shown: (Negative amounts should be indicated by a minus sign.)
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