Lisa sells some stock she purchased several years ago for $10,000 to her brother Bart for $8,000.One year later Bart sells the stock for $12,000.The tax consequences to Lisa and Bart are:
$\begin{array}{ll}
{\text { Lisa }} & \text { Bart } \
a.\$ 2,000 \text { loss } & \$ 4,000 \text { gain } \
b.\text { No gain or loss } & \$ 4,000 \text { gain } \
c.\text { No gain or loss } & \$ 2,000 \text { gain } \
d.\$ 2,000 \text { gain } & \text { No gain or loss } \
e.\$ 2,000 \text { loss } & \$ 2,000 \text { gain }
\end{array}$

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The Answer of Lisa sells some stock she purchased several years ago for $10,000 to her brother Bart for $8,000.One year later Bart sells the stock for $12,000.The tax consequences to Lisa and Bart are:
$\begin{array}{ll}
{\text { Lisa }} & \text { Bart } \
a.\$ 2,000 \text { loss } & \$ 4,000 \text { gain } \
b.\text { No gain or loss } & \$ 4,000 \text { gain } \
c.\text { No gain or loss } & \$ 2,000 \text { gain } \
d.\$ 2,000 \text { gain } & \text { No gain or loss } \
e.\$ 2,000 \text { loss } & \$ 2,000 \text { gain }
\end{array}$

Lisa Sells Some Stock She Purchased Several Years Ago for $10,000