On July 25,2013,Marilyn Gives Stock with a FMV of $7,500

question 74

Multiple Choice

On July 25,2013,Marilyn gives stock with a FMV of $7,500 and a basis of $5,000 to her nephew Darryl.Marilyn had purchased the stock on March 18,2013.Darryl sold the stock on April 18,2014 for $7,800.As a result of the sale,what will Darryl report on his 2014 tax return?

• A)$300 STCG
• B)$300 LTCG
• C)$2,800 STCG
• D)$2,800 LTCG

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Definitions:

Infant Mortality

Infant mortality is the death of young children under the age of 1, measured as the number of deaths per 1,000 live births in a given year.

Full-Term Infants

Babies born after completing the standard 37 to 40 weeks of gestation, considered to have reached optimal prenatal development.

Preterm Infants

Neonates born prematurely, often requiring specialized care due to their undeveloped organs and bodily systems.

Cognitive Deficits

Shortcomings or impairments in cognitive functions such as memory, attention, problem-solving, and decision-making.