Sara Loy is a member of a 4-person equal partnership. Sara is not related to the other partners. In the current year, Sara sold 100 shares of a listed stock to the partnership for the $20,000 share FMV. Sara's basis for these shares, which were purchased 15 years ago, was $14,000. 

How much gain was Sara's recognized on the sale of shares?

Answer rating: 100% (QA)

Saras recognized gain on the sale of shares is calculated ... View the full answer