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Your grandmother gave you stock that she bought ten years ago for $1,000. At the time of the gift the stock had a fair market

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Your grandmother gave you stock that she bought ten years ago for $1,000. At the time of the gift the stock had a fair market value of $11,000. You sell the stock one-month later for $12,000. What is your basis? a. $9,000 O b. $10,000 O c. $3,000 O d. $1,000 O e. $11,000

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