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Donald bought TRE stock 20 years ago for $50 per share. The stock had a market value of $35 per share when Donald gifted it to his daughter Nina. When the stock falls to $25, Nina decides to sell it to purchase a new car. For tax purposes, what is the loss recognized per share for Nina?

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Donald bought TRE stock 20 years ago for $50 per share. The stock had a market value of $35 per share when Donald gifted it to his daughter Nina. When the stock falls to $25, Nina decides to sell it to purchase a new car. For tax purposes, what is the loss recognized per share for Nina?






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