Eli inherited stock in 2015 from his father. Eli's father's AB was $100,000 at the time of death, and the FMV of the stock on the date of death was $750,000 (no alternate valuation date was used). In 2017, Eli sold the stock to his sister, Sara. What is Eli's recognized gain or loss if he sold the stock to Sara for $700,000? Note: make sure you understand how Eli could have recognized the loss on the sale of the stock