On July 25,2014,Marilyn gives stock with a FMV of $7,500 and a basis of $5,000 to her nephew Darryl.Marilyn had purchased the stock on March 18,2014.Darryl sold the stock on April 18,2015 for $7,800.As a result of the sale,what will Darryl report on his 2014 tax return?

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The Answer of On July 25,2014,Marilyn gives stock with a FMV of $7,500 and a basis of $5,000 to her nephew Darryl.Marilyn had purchased the stock on March 18,2014.Darryl sold the stock on April 18,2015 for $7,800.As a result of the sale,what will Darryl report on his 2014 tax return?

On July 25,2014,Marilyn Gives Stock with a FMV of $7,500