Mikel’s daughter, Liudmila, is planning to go to law school in the fall. Mikel has promised her that he will pay her tuition, fees, and book costs. Mikel has 1,000 shares of Konrad Corporation stock that he bought four years ago for $50 per share plus commissions. He would like to use the stock to finance Liudmila’s law school costs. The Konrad Corporation stock is selling for $40 per share. If Mikel is in the 28% marginal tax rate bracket, should he sell the shares or gift them to Liudmila? Explain the difference in the tax consequences of each option.