Business
Business, 09.10.2019 00:00, joel53

Zack received a gift of stock from his uncle two years ago. zack's uncle had a basis in the stock of $4,000, but the fair market value of the stock on the date it was given to zack was only $1,500. zack held the stock until this year and just sold it for $4,200. what basis in the stock will zack use to determine his gain or loss on the sale of the stock?

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