Solution-How much of that loss gets recorded in our taxes

How much of that loss gets recorded in our taxes

Reference no: EM132589043

Question - On April 28, 2019, they sold for $8,000 stock that Cathy had received as a gift from her mother, who had purchased the stock for $10,000 in 2013. Her mother gave Cathy the stock on November 15, 2017 when the fair market value was $9,400. Is there a loss here? How much of that loss gets recorded in our taxes?

Reference no: EM132589043

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How much of that loss gets recorded in our taxes : On April 28, 2019, they sold for $8,000 stock that Cathy had received as a gift from her mother, How much of that loss gets recorded in our taxes

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How much of that loss gets recorded in our taxes

Reference no: EM132589043

Reference no: EM132589043

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