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Three years ago, Carol received a gift of stock from her favorite uncle. The stock had a fair market value of $ 3 0 ,

Three years ago, Carol received a gift of stock from her favorite uncle. The stock had a fair market value of $30,000 and a basis to the uncle of $10,000 at the date of the gift. How much should Carol include in gross income from this gift? In answering this case, use only the Internal Revenue Code for your research

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