Joyce receives investment property from her mother as a gift in 2013.Her mother paid $15,000 for the property in 2010,and it is valued at $18,000 on the date of the gift.Joyce sells the property eight months later for $16,000.Joyce's realized gain or loss is
A) $ 1,000 loss
B) $ 2,000 loss
C) $ 1,000 gain
D) $ 2,000 gain
E) $16,000 gain
Correct Answer:
Verified
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