What amount of wilsons gain on disposition of the gift, Accounting Basics

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What amount of wilsons gain on disposition of the gift

Question: Wilson received a gift of property during the year. The donor's basis in the property on the date of the gift was $12,000. The fair market value at the time of the gift was $14,000. Wilson subsequently sold the property for $25,000. What is the amount of Wilson's gain on the disposition of the gift?

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Accounting Basics: What amount of wilsons gain on disposition of the gift

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