Sarah Shore bought 500 shares of stock on October 22, 2017, for ($ 30,000). On March 25,2018

Question:

Sarah Shore bought 500 shares of stock on October 22, 2017, for $\$ 30,000$. On March 25,2018 , she gave half the shares to her sister Cindy when the fair market value of the shares was $\$ 55$ per share. If Cindy sells the property for $\$ 14,000$, what is her gain or loss?

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