Question: 2 Question 2 (1 point) Arnold received stock as a gift three years ago. At the time of the gift the donor's basis in the

Question 2 (1 point) Arnold received stock as a gift three years ago. At the time of the gift the donor's basis in the stock was $6.000 and the fair market value was $4.000. Arnold sells the stock this year for 55.000. What is Arnold's recognized gain or loss on the sale? $1.000 gain $1,000 loss no gain or loss $2,000 gain

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