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Business, 27.09.2019 19:10 needsdarkness6016

Paula transfers stock to her former spouse, fred. the transfer is pursuant to a divorce agreement. paula's cost of the stock was $75,000 and its fair market value on the date of the transfer is $95,000. fred later sells the stock for $100,000. fred's recognized gain from the sale of the stock is $5,000. true or false?

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