Dale Gave Property with a Basis of $16,000 to Sarah

question 92

Multiple Choice

Dale gave property with a basis of $16,000 to Sarah when it had a FMV of $12,000.No gift taxes were due.Sarah later sold the property for $22,000 resulting in a recognized gain of

• A)$0.
• B)$4,000.
• C)$6,000.
• D)$12,000.

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Definitions:

Combined Technology

The integration and utilization of multiple technological systems or devices to enhance efficiency or achieve new capabilities.

Intersectionality

A framework for understanding how various aspects of a person's social and political identities combine to create different modes of discrimination and privilege.

Systemic Inequalities

Deep-rooted disparities embedded within the social, economic, and political frameworks of society, affecting access to resources and opportunities based on race, gender, class, and other factors.

Intersection Of Ability

The concept that people's experiences with disability are shaped by other aspects of their identity such as race, gender, or class, highlighting the complexity of discrimination and privilege.