Mr. & Mrs. Falk purchased stock for $50,000. At the time of the gift of stock to

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Mr. & Mrs. Falk purchased stock for $50,000. At the time of the gift of stock to A widow inherits stock with a date of death FMV of $70,000. She and her husband held the stock jointly before his death (basis was $20,000). She and her husband always lived in a common law state. She sells it nine months later for $80,000. What is the amount of capital gains? Question 25 options: $35,000 STCG. $35,000 LTCG. $10,000 LTCG. $45,000 LTCG. daughter, the stock had a FMV of $25,000. What are the income tax implication to the daughter when she sells it for $30,000 three years later? Question 24 options: $0. ($20,000) LTCL. ($25,000) LTCL. $5,000 LTCG