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What is angela recognized gain

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Question - In January 2015 Ralph gives his daughter, Angela, stock (basis of $8,000; fair market value of $6,000). Ralph had purchased the stock in 2013. In December 2015 Angela sells the stock to an unrelated person for $10,000. What is Angela's recognized gain?

a. $2,000 long-term capital gain

b. $4,000 short-term capital gain

c. $2,000 short-term capital gain

d. $4,000 long-term capital gain

Reference no: EM132063728

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