Taxpayer gives a stock portfolio to his daughter as a gift. Taxpayer's basis in the stock on the date of the gift is $10,000. The stock has market value of $150,000 on the date of the gift. What is the daughter's basis in this stock immediately after receiving it as a gift? O $150,000 0 $140,000 O $10,000 O $0 QUESTION 17 Taxpayer successfully completes a 1231 exchange. The property given up had basis of $1,000. The taxpayer received a replacement property with fair market value of $10,000. Taxpayer also received $1,000 of cash in the transaction. What is the taxpayer's basis in the asset received? O $1,000 $9,000 $10,000 O $11,000 QUESTION 18 Taxpayer is starting a new business. Expenditures for startup costs are $45,000. What amount of amortization expense is recognized in the year the business begins? Round your final answer to the nearest dollar. O $7,667 O $2,667 O $5,000 O $45,000