Question 11 (2 points) Mrs. Butler sold stock with a $79,600 basis to her daughter...
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Question 11 (2 points) Mrs. Butler sold stock with a $79,600 basis to her daughter for $60,000 cash. Two years later, the daughter sold the securities through her broker for $93,000. What is the amount of gain that the daughter will recognize for tax purposes related to this stock sale? $13,400 $33,000 $19,600 $0
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