Roger and Amy divorced on 12/31/21. On 6/30/22, Roger transferred 500 shares of stock he owned to Amy at a time when the FMV of the stock was $100,000 and the adjusted basis was $125,000. What are the tax consequences to Amy on the receipt of the stock?

Answer rating: 100% (QA)

When Roger transferred 500 shares of stock to Amy as part of their divorce settlement its considered ... View the full answer