Ms. Charry owns securities with ACB of 100,000 & FMV of 150,000. She sells them to...

 

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Ms. Charry owns securities with ACB of 100,000 & FMV of 150,000. She sells them to her mother for 120,000. Her mother immediately sells them to an arm's length party for 150,000. Determine the tax consequences for Ms. Charry. ONIL 10,000 20,000 25,000 Ms. Charry owns securities with ACB of 100,000 & FMV of 150,000. She sells them to her mother for 120,000. Her mother immediately sells them to an arm's length party for 150,000. Determine the tax consequences for Ms. Charry. ONIL 10,000 20,000 25,000

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