On January $1,2021,$ Antonio sells stock that has a $$62,000$ FMV on the date of the sale $($basis $$94,850)$ to his son Tiana. On October $21,2021,$ Tiana sells the stock to an unrelated party. In each of the following, determine the tax consequences of these transactions to Antonio and Tiana:

$20$

points

References

Required:

a$.$ Tiana sells the stock for $$48,500.$

b$.$ Tiana sells the stock for $$100,100.$

c$.$ Tiana sells the stock for $$79,150.$

Note: For all requirements, if no gain or loss is recognized, select $"$No gain or loss".

$\backslash$table$[[,$Antonio,Tiana$],[,$Amount,Gain or Loss,Amount,Gain or Loss$],[$a$.$ Realized,,,,$],[$a$.$ Recognized,,,,$],[$b$.$ Realized,,,,$],[$b$.$ Recognized,,,,$],[$c$.$ Realized,,,,$],[$c$.$ Recognized,,,,$]]$