Question: In Year 1 , Edward Haskell bought 2 5 0 shares of a listed stock for $ 6 , 0 0 0 . In Year

In Year 1, Edward Haskell bought 250 shares of a listed stock for $6,000. In Year 4, when the FMV of the stock was $4,000, Edward gave it to his friend, Wally. No gift tax was due. If Wally sells this stock in Year 5 for $4,300, his gain (loss) isA.$(1,700)B.$300C.$2,000D.$0

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