15. Kurt inherited 25 shares of XYZ stock from his father in 2002. The stock had cost $2,500 but was worth $3,000 at the date of the father's death. No estate tax return was filed. If the stock is sold for $2,800 in 2021, the taxpayer recognizes a $____________ gain/(loss). (If a loss, put the number in parentheses).

*HINT IT IS NOT 300 GAIN

15A. Kurt later received 50 shares of XQM stock as a gift from his mom. His moms basis in the stock was $4,000, and the market value of the stock at the time of the gift was $3,000. No gift tax was paid. If the stock is sold for $3,600, Kurt recognizes $____________ gain/(loss).

*HINT IT IS NOT 600 GAIN