Sheila sells stock, which has a basis of $12,000, to her daughter for $7,000, the stock's fair market value. Subsequently, the daughter sells the stock to an unrelated party for $5,000. Which of the following is true for Sheila and her daughter as a result of both sales? A) Sheila recognizes no loss B) Sheila recognizes no loss Sheila recognizes loss of $3,000 OD) Sheila recognizes loss of $3,000 ! 1 F1 QUESTION 19 During the current year, Donna, a single taxpayer, reports the following items of income and expenses: ncome: Q k Save and Submit to save and submit. Click Save All Answers to save all answers. A I option 2 Daughter recognizes loss of $2,000 N Daughter recognizes loss of $7,000 F2 Daughter recognizes loss of $5,000 Daughter recognizes loss of $2,000 W S #3 80 F3 X E H command $ 4 F4 C R LL | F % 5 F5 T V MacBook Air