Gina owns 100 shares of XYZ common stock with a $12,000 basis and a $25,000 FMV. She receives 100 stock righ total FMV of $15,000. Answer the following:
a. What is the basis of the 100 shares of stock?
b. What is the basis of the 100 stock rights?

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The Answer of Gina owns 100 shares of XYZ common stock with a $12,000 basis and a $25,000 FMV. She receives 100 stock righ total FMV of $15,000. Answer the following:
a. What is the basis of the 100 shares of stock?
b. What is the basis of the 100 stock rights?

Gina Owns 100 Shares of XYZ Common Stock with a $12,000