Question: saved stion 5 ( 2 points ) Saved Listen In 2 0 1 3 , Meg gave James stock she had purchased in 2 0

saved stion 5(2 points)
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In 2013, Meg gave James stock she had purchased in 2003 for $2,000. The fair market value of the stock at the time of the gift was $1,500. In 2023, James sold all of the stock for $500. Regarding the sale of the stock, James had:
A $500 loss
A $1,000 loss
A $1,500 loss
Neither a gain nor loss
None of the above
saved stion 5 ( 2 points ) Saved Listen In 2 0 1

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