Question: 1 . On January 1 , 2 0 1 6 , Maria sells stock that has a $ 5 0 , 0 0 0 FMV

1. On January 1,2016, Maria sells stock that has a $50,000 FMV on the date of the sale (basis $75,000) to his son Victor. On October 21,2016, Victor sells the stock to an unrelated party. In each of the following, determine the tax consequences of these transactions to Maria and Victor:
a. Victor sells the stock for $40,000.
b. Victor sells the stock for $80,000.
c. Victor sells the stock for $65,000.

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