Question: On January 1 , 2 0 2 3 , Antonio sells stock that has a $ 4 7 , 0 0 0 FMV on the

On January 1,2023, Antonio sells stock that has a $47,000 FMV

On January 1,2023, Antonio sells stock that has a $47,000 FMV on the date of the sale (basis $79,600) to his daughter Tiana. On
October 21,2023, Tiana sells the stock to an unrelated party. In each of the following, determine the tax consequences of these
transactions to Antonio and Tiana:
Required:
a. Tiana sells the stock for $29,000.
b. Tiana sells the stock for $88,850.
c. Tiana sells the stock for $66,800.
Note: For all requirements, if no gain or loss is recognized, select "No gain or loss".
on the date of the sale (basis $79,600) to his daughter Tiana.

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