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QUESTION
quot;Hobbes gave his son ABC stock valued at $100,000 that he purchased for $60,000 and his daughter EFG stock valued at $100,000 that he purchased...
"Hobbes gave his son ABC stock valued at $100,000 that he purchased for $60,000 and his daughter EFG stock valued at $100,000 that he purchased $250,000. Hobbes paid $30,000 in gift taxes on each of these gifts. What are the son's and daughter's bases in the stock received?
