Bill received $1,000$ shares of Ellsbridge Corporation stock from his uncle as a gift on July $20,2022,$ when the stock had a $$250,000$ fair market value $($FMV$).$ His uncle paid $$225,000$ for the stock on April $12,2006.$ The taxable gift was $$250,000,$ because his uncle made another gift to Bill for $$32,000$ in January and used the annual exclusion. The uncle paid a gift tax of $$37,500.$ Without considering the transactions below, Bill's AGI is $$60,000$ in $2023.$ No other transactions involving capital assets occur during the year.

Read the requirement.

$\backslash$table$[[,\backslash$table$[[$AGI prior to$],[$sale of stock$]],+,\backslash$table$[[$Gain $($loss$)$ on$],[$sale of stock$]],=,$AGI$],[$He sells the stock on October $12,2023,$ for $$256,000.,,+,,=,],[$b$.$ He sells the stock on October $12,2023,$ for $$226,350.,,+,,=,],[$c$.$ He sells the stock on December $16,2023,$ for $$245,000.,,+,,=,]]$