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John Beck received a gift of 500 shares of Boeing stock from his dad (Bill Beck) on June 11,2021 . The stock had a fair market value of $93,000 on the date of the gift. Bill had purchased the shares on November 1,2009 , for $46,100. Bill had never made any gift larger than $10,000 in his lifetime prior to this gift. a. What is John's basis in the Boeing stock? When does John's holding period begin? EXPLAIN. b. Instead of John receiving the stock as a gift, assume that John inherited the stock in June 2021 due to his father's death, which occurred on January 13, 2021. Further, assume that the fair market value of the stock at dad's date of death was $93,000, and it was worth $96,500 when title passed to John in June. What is John's basis in the Boeing stock? When does John's holding period begin? EXPLAIN.

User Markese
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Answer:

this

Step-by-step explanation:

this is the radius of a circle is the radius of the radius of the radius of the radius of the radius of the radius of the radius of the radius of the radius of the radius of the radius

User CyclingIsBetter
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