During the current year, Diane Stevens made two gifts to her son Greg. The first gift was ABC stock with a value at the date of the gift of $5,000. Diane?s basis in ABC was $2,000. The second gift, in the same year, was XYZ stock with a value of $3,000 at the date of the gift and a basis to Diane of $4,000. For gift tax purposes, what is the value of the gifts made by Diane to Greg?

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Value of XYZ Value of ABC Stock Stock $4,000 $5,000 a. $3,000 $5,000 b. $0 $3,000 C. $0 $2,000 d.