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Ramon received a gift of stock from his uncle. The basis of the stock to his uncle was $20,185, and it had a FMV of

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Ramon received a gift of stock from his uncle. The basis of the stock to his uncle was $20,185, and it had a FMV of $14,000 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: (Negative amounts should be indicated by a minus sign. If not applicable, leave cells blank.) Situation 1 20,185 $ 14,000 $ 25,335 Situation 2 $ 20,185 $ 14,000 $ 11,890 Situation 3 $ 20,185 $ 14,000 $ 16,960 Donor's basis FMV at gift date Ramon's selling price Basis to Ramon Taxable gain (if any) Deductible loss (if any)

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