Dave owns stock in Big Game Corp that cost $22,000. He sells the stock to his son, Gary for $15,000. Two years later Gary sells the stock for $24,000. What is Dave's realized and recognized gain or loss on the transaction? What is Gary's realized and recognized gain or loss on the transaction

Answer rating: 100% (QA)

To calculate Daves realized and recognized gain or loss on the transaction 1 Realized GainLoss Reali... View the full answer