Question: On January 1 , 2 0 2 4 , Antonio sells stock that has a $ 5 0 , 0 0 0 FMV on the

On January 1,2024, Antonio sells stock that has a $50,000FMV on the date of the sale (basis $75,000) to his daughter Tiana. On October 21,2024, Tiana sells the stock to an unrelated party. In each of the following, determine the tax consequences of these transactions to Antonio and Tiana:a. Tiana sells the stock for $40,000.b. Tiana sells the stock for $80,000.c. Tiana sells the stock for $65,000.

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