In 2011, Maria Hill purchased 20 shares of stock for $25,000. On January 30, 2019, Marie Hill sold her son the stock for $20,000. On July 1, 2019, her son sold the stock to Julius Dell, an unrelated third party for $35,000. What are the tax results for the parties?

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Tax Implications for Each Party Maria Hill Seller to Son Capital GainLoss 25000 purchase ... View the full answer