Eli inherited stock from his father in 2015. Eli's father's adjusted basis was $100,000 at the time of death, and the fair market value of the stock on the date of death was $750,000 (no alternate valuation date was used). What is Eli's recognized gain or loss on the sale of the stock to Sara for $700,000? -50,000 Incorrect Question 10 0/0.25 pts Same facts as previous question. After purchasing the stock from Eli (her brother) for $700,000, Sara later sold the stock to an unrelated-party for $900,000. What is Sara's recognized gain or loss on the sale