How is kyles gain computed if she sells the stock

Reference no: EM13906488

Mr. Kyle owns stock in a local publicly traded company. Although the stock price has declined since he purchased it two years ago, he likes the long-term prospects for the company. If Kyle sells the stock to his sister because he needs some cash for a down payment on a new home, is the loss deductible? If Kyle is right and the stock price increases in the future, how is his sister's gain computed if she sells the stock?

Reference no: EM13906488

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