What is stephanies recognized gain or loss


Problem

Stephanie received 100 shares of ZYX Corp. stock with a fair market value of $30,000 as of the date of the gift from her aunt. Her Aunt's basis in the ZYX Corp. stock was $60,000. Stephanie sold the stock for $45,000. What is Stephanie's recognized gain or loss?

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Financial Management: What is stephanies recognized gain or loss
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