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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

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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. Instead of Eli inheriting the stock, Eli's father gifted the stock to Eli in 2014 while the father was still alive. At the time of the gift, the stock's FMV was $750,000, and Eli's father's AB was S100,000. No gift tax was paid. In 2017, Eli sold the stock to Sara for $800,000. What is Eli's recognized gain or loss

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