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Stock owned by Allie for 3 years is transferred to Walt. Her adjusted basis for the stock is $20,000 and the fair market value is

Stock owned by Allie for 3 years is transferred to Walt. Her adjusted basis for the stock is $20,000 and the fair market value is $50,000. Which of the following is correct?

A. (7000)

B. 5000

C. 0

D. (2000)

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