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Tracy received 100 shares of ZYX Corporation from her aunt with an adjusted basis of $60,000 and a fair market value of $30,000 as of
Tracy received 100 shares of ZYX Corporation from her aunt with an adjusted basis of $60,000 and a fair market value of $30,000 as of the date of the gift. Tracy sold the stock for $45,000. What is Tracy's recognized gain or loss? $30,000 loss $15,000 loss No gain or loss $15,000 gain
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