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Kasha paid $12,800 for her sailboat and then spent $2,200 to modify it. Because of...

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Accounting

Kasha paid $12,800 for her sailboat and then spent $2,200 to modify it. Because of a family situation, Kasha couldn't keep the sailboat. She first tried to sell it. She received an offer of $18,000, but instead she decided to give it to her father, Antoni, so she could occasionally sail it. What is Antoni's basis for gain in the boat?
$0
$12,800
$15,000
$18,000
19 years old, is not a full-time student, and earned $4,850 in wages.
21 years old, is a full-time student for six months, and earned $5,650 in wages.
22 years old, is a part-time student for four months, and earned $7,425 in wages.
25 years old, is a full-time student for six months, and earned $8,850 in wages.

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