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Show work please must report on his 2021 tax return On July 25, 2020, Karen gives stock with an FMV of $6,380 to her nephew

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must report on his 2021 tax return On July 25, 2020, Karen gives stock with an FMV of $6,380 to her nephew Bill. Karen had purchased the stock for $8,430 on March 18, 2020. Bill sold the stock on April 18, 2021 for $5,230. As a result of the sale, Bill Multiple Choice O $(3,200) STCL O $(3,200) LTCL O $(1,150) LTCL O $(1,150) STCL

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