d blue corp stock for 10,000 in 2014. Rachel sells the stock to her sister for 2,000 in 2018. In 2020, her sister sells the bonds for 25,000 to a non relative. What is the amount of her sister's taxable gain? a. 0 b. 15000

CONCEPTS IN FED.TAX.,2020-W/ACCESS
20th Edition
ISBN:9780357110362
Author:Murphy
Publisher:Murphy
Chapter2: Income Tax Concepts
Section: Chapter Questions
Problem 42P
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Rachel purchased blue corp stock for 10,000 in 2014. Rachel sells the stock to her sister for 2,000 in 2018. In 2020, her sister sells the bonds for 25,000 to a non relative. What is the amount of her sister's taxable gain?

a. 0

b. 15000

c.  23000

d. 25000

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