Question: Question 8 0/1 pts Incorrect On July 1, 2017, Jerry gifts to Joanne some shares of stock in BL Company. The value of the stock
Question 8 0/1 pts Incorrect On July 1, 2017, Jerry gifts to Joanne some shares of stock in BL Company. The value of the stock on the date of the gift was $14,000 Jerry had acquired the stock three years earlier for $6,000. Jerry paid gift tax of $4,800 on the transfer. Assume that the exclusion amount for gifts is not available. Joanne sold the stock for $18,000 on July 1, 2018 (exactly one year from the date of the gift). What is Joanne's tax consequence? short-term capital gain of $9,257. A long-term capital gain of $9,257 c. A short-term capital gain of $12,000 A long-term capital gain of $12.000. A
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