Question: Help. I am working on this created problem and I'm having trouble finding the correct answer. I would appreciate some explanations. Thank you. Scenario: Robert

Help. I am working on this created problem and I'm having trouble finding the correct answer. I would appreciate some explanations. Thank you.

Scenario:

Robert gives his daughter, Emily, stock (the basis of $9,000 fair market value of $7,000). No gift tax results. If Natalie subsequently sells the stock for $11,000, what is her recognized gain or loss?

a. 11,000

b. 0

c. 2,000

d. 7,000

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