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w 31 1 Carla received 500 shares of stock as a gift from her grandmother, Eve. Eve purchased the stock six years ago for $100,000.
w 31 1 Carla received 500 shares of stock as a gift from her grandmother, Eve. Eve purchased the stock six years ago for $100,000. Carla received the stock from Eve eight months ago, when the fair market value was $60,000, and she sold the stock this week for $90,000. What is the amount of Carla's gain or loss, if any, from the sale of the stock? $40,000 loss $10,000 loss $30,000 gain no gain or loss
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