Business, 17.01.2020 21:31, eskarletche8

In 2016 glen received a gift of 200 shares of common stock. the stock was worth $8000 when he received it. the donor had originally paid 10,000 for the stock when he bought it in 2014.

if glen sells the stock for $12,000 2017 what is his capital gain?

a. $0
b. $2000
c. $4000
d. $12,000

Answers: 1

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In 2016 glen received a gift of 200 shares of common stock. the stock was worth $8000 when he receiv...